Fees

Our base fee starts from £750 plus VAT @ 20% and increases to £2,500 plus VAT @ 20% and disbursements up to a purchase/sale price of £1,000,000. We will provide you with an honest and reasonable estimate of fees at the initiation of a transaction and will endeavor to stick to the estimate given.

Due to the fact that no two transactions are the same, our costs will be tailored to the specifics of your transaction. Dealing with the acquisition of a home in a brand-new development or a leasehold unit, for example, would typically require more work and time than buying a freehold terraced house. This means that we won’t be able to tell you an accurate price for our services until we know all details relating to your specific transaction, including the sort of property you are buying or selling.

Additional charges may be applicable for work and services required over and above the standard legal procedures in a conveyancing transaction. If we are aware of these at the outset, we endeavor to include them in our estimate of charges. Sometimes, however, it only becomes apparent during a transaction that additional work will be required.

In addition to legal fees, you will be liable for disbursements

We will always endeavour to charge competitive legal fees. For our debt recovery work, these are usually calculated on an hourly basis. However, we may agree on a fixed fee upon assessment of your case.

Our hourly rates are as follows: –

We will provide you with an overall fee estimate at the start of your matter and shall aim to keep you updated throughout.

In a small claims matter, legal fees other than fixed costs are generally not recoverable from the other party. What this means is that you will usually be responsible for your own legal costs whatever the outcome of the Court action.

Disputed claims (depending on the value) can take up to 6-12 months to resolve under the small claims track.

Pre-action letters and follow up correspondence: £500 – £1,000 plus VAT @ 20%

Issuing proceedings: £500 plus VAT – £750 plus VAT @ 20%

Disclosure/witness statements: £1,250 – £1,850 plus VAT @ 20%

Trial preparation: £750 – £900 plus VAT @ 20%

In these cases, it is possible for a successful party to recover its legal costs from the other side. However, please note, even where you are successful in your debt action, you are unlikely to recover 100% of your legal costs.

Disputed claims (depending on the value) can take up to 1-3 years to resolve in the fast track or multi-track.

Disputed claims (depending on the value) can take up to 1-2 years to resolve in the fast track or multi-track.

We can offer an initial consultation at a fixed fee of £150.00 plus VAT @ 20% to advise you on your situation. You are under no obligation to instruct us any further after the appointment.

Statutory demand for debts owed by companies/individuals

In certain circumstances, it may be appropriate to draft and serve a statutory demand claiming payment of an undisputed debt.  Our fees for doing this (including the cost of arranging for personal service of the demand on the debtor) will be in the region of £875 plus VAT @ 20%.  We can discuss this method (and the costs and disbursements involved) in further detail during our initial consultation.

These are out-of-pocket expenses we may need to pay to third parties on your behalf as part of the debt recovery process.

Should it become necessary to issue proceedings for recovery of an undisputed debt, the following Court fees will apply:

The exact cost these disbursements shall vary on a case-by-case basis. They include: –

• Barrister’s fees
• Expert’s fees

For your peace of mind, any additional fees will be discussed with you before they are incurred so that you may approve the expenditure.