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Price Transparency

Our fees for carrying out different types of work depend on a number of factors including the type and complexity of work, the place at which it is carried out, the timescale to which we are required to work and the amount of time that we spend. Our best estimate of the likely cost of any case will be explained to you at the outset. If it is not possible to give you an estimate, we will explain why. We are required by our regulator to set out details of prices in certain areas and these are set out below.

 

  1. Residential Conveyancing

As far as amounts that we will pay out to others for you are concerned, these are mostly incurred on a purchase and will include the costs of a full set of Searches, Land Registry fees and Stamp Duty Land Tax (SDLT) payable to the Government. The average cost of a full set of Searches in Cornwall is £520. The costs vary per area. Some of the Searches attract VAT and some do not. Full details will be set out in our retainer papers at the outset of the transaction. If you are buying with cash, then you can choose which Searches to have carried out (although we would always recommend a full set). If you are buying with the aid of a Mortgage, then the Mortgagee will require a full set in all circumstances. SDLT and Land Registry fees depend upon the value of the property. You can access HMRC’s SDLT calculator by clicking here https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro and the Land Registry’s fee scale by clicking here https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

We will ask for funds (usually £500) from you at the outset of your retainer to cover Search fees. SDLT and Land Registry fees will be collected from you prior to completion.

All of our staff have significant experience in acting in conveyancing transactions. Some staff have formal qualifications and some simply many years of experience. Full details of the people involved in your case will be set out in our retainer documents at the outset of the transaction or, alternatively, please click here to go to our Conveyancing team page.

The work we will carry out for you in relation to a residential sale or purchase includes all work necessary from the beginning to the end i.e. from the initial instructions to completion of registering the property in your name or completion of the sale. The average timescale for achieving exchange of contracts is 8-12 weeks and completion can be anything from simultaneous with exchange to several months later depending upon the requirements of the transaction.

 We calculate our fees based on a percentage of the price subject to a minimum. Our minimum fee is £750 plus VAT (total £900) and our fees are otherwise calculated at 0.5% of the purchase price for the first £250,000.00 and then 0.25% of the purchase price for the balance plus VAT.  For example, for a property at £275,000 our fee would be £1,312.50 plus VAT (total £1,575).

Our fees above include all services necessary from beginning to end and no services which might be reasonably be expected to be included in the price are excluded.

In certain cases we may be quite happy to negotiate on these fees, especially in relation to higher value properties, where the percentage calculation would lead to a substantial figure. Conversely, some lower value cases are very complicated and our fees may differ from the structure set out above.

 

  1. Probate

Current probate fees payable to the Government for a Grant of Probate are £155 with an extra 50p per sealed copy.  These are likely to rise substantially in April 2019.  The only other major cost payable to others is likely to be the cost for a Valuation of property included in an Estate. The cost of Valuation varies but an average figure might be 0.1% plus VAT of the value of an ordinary residential property. A Valuation of, for example, a large farm might cost several thousand pounds. A quote will be obtained from a Valuer prior to instruction. If the property needs to be sold, then Estate Agents’ commission will be payable. This will depend upon the type of property and the type of Agent involved, but fees are generally between 1% and 2% plus VAT.

We have a range of different staff, some with legal qualifications, some simply with many years of experience. Full details of the staff involved will be included in our retainer information or, alternatively, please click here to go to our probate team page

Our fees above include all services necessary to wind up an Estate from beginning to end and no services which might reasonably be expected to be included in the price are excluded.

Charges for winding up the Estate of a deceased person depend partly on the time that we spend and partly on the value of the assets involved.  We will inform you of the hourly rates of the persons involved at the outset and will be happy to discuss with you the likely number of hours that will be needed, once we have enough information to do so and based on our experience of previous cases. We also charge a value element of between 0% and 2% of the Estate depending in part upon how complex it is. All fees are subject to VAT.

 

  1. Debt recovery for business customers up to £100,000.00

 This work will be charged based on the time that is spent in recovering the sum. Debts may sometimes be recovered by one simple letter and sometimes a fully contested Court case and a trial may be necessary. If the amount were recovered as a result of a single letter after a brief meeting our fee might be as low as £100.00 plus VAT (total £120). If the sum were recovered after a year’s worth of correspondence and a fully contested trial, our costs might be £50,000.00 plus VAT (total £60,000).  Without knowing the details of the case it is impossible to be more precise.

There is a Court fee payable to the Government for the issue of proceedings for recovery of debt.  The issue fee will depend upon the value of your claim.  The Court fee calculator is available by clicking here https://www.gov.uk/make-court-claim-for-money/court-fees. Court fees are also payable in relation to Hearings and Trials and details of all Court fees.  If Court applications are needed during the course of proceedings, a fee is payable to the Court on each occasion.  This fee will be a minimum of £255.

Other costs payable to third parties might include Expert Reports, if necessary, for example into the quality of work carried out. It is not possible to give an estimate as to the likely costs because this will depend entirely upon the type of expert required and the circumstances of the case.

Some staff have formal qualifications and some simply many years of experience. Full details of the people involved in your case will be set out in our retainer documents at the outset of the transaction. Please click here  to go to our debt recovery team page.

Once we are able to we will estimate our fees for you.  Fees will include all services necessary to pursue the debt, from beginning to end and no services which might reasonably be expected to be included in the price are excluded.

 

  1. Hourly Rates

The hourly rates of our staff range from £x to £y. Full details will be included in the retainer papers we send to you at the outset of your case.

Our regulator’s requirements as to transparency on fees also also apply to traffic offences, employment tribunal claims and immigration work. We do not carry out those types of work.