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Business Debts – Price and Service Information

These costs apply where your claim is in relation to an unpaid invoice which is not disputed and enforcement action is not needed. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.

Debt ValueCurrent Court FeeOur fee (incl. VAT)Total
Up to £5,000£35 to £205 £1,200£1,235 to £1,405
£5,001 to £10,000£455£3,000£3,455
£10,001 to £50,0005% of value of claim£6,000
£50,000 to £100,0005% of value of claim£9,000

The VAT element of our fee cannot be reclaimed from your debtor.
Interest and compensation may take the debt into a higher banding, with a higher cost.The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect the debt, or where insolvency proceedings such as bankruptcy and winding up proceedings need to be pursued to recover the debt. If you wish to recover your debt by pursuing insolvency proceedings we can provide you with further information about our costs, if required.

Our fee as quoted above includes:

  • Taking your instructions and reviewing documentation and is on the assumption we receive clear, full and prompt instructions from you;
  • Undertaking searches as we deem appropriate;
  • Sending a letter before action;
  • Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing the claim form;
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default;
  • When Judgement in default is received, writing to the other side to request payment;
  • If payment is not received within 21 days, providing you with advice on next steps and likely costs.

Matters usually take 1 to 3 months from receipt of instructions from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim; your instructions; and if appropriate the court timetable. This is on the basis that the other side pays promptly on receipt of Judgement in default. If enforcement action is needed, the matter will take longer to resolve and is likely to involve further costs.

Residential Conveyancing – Price and Service Information

Sale of a freehold residential property

Our fees cover the work required to complete the sale of your property. Our charges are usually offered on a fixed fee basis plus any extra administrative charges and costs made to others on your behalf, referred to as disbursements. Our fee estimate will be based upon the time that we think we are likely to spend on the matter and will cover all the work required to complete the sale of your property. A number of different factors will determine the exact amount of fees payable including any legal title complications or any special terms to be negotiated on a non-standard basis.

As a general guide, our fees for dealing with a straightforward UK residential freehold property sale are normally in the region of 0.5% to 2% of the sale price, plus VAT. However, we have a minimum fee of £1,750 plus VAT and disbursements.

Our fee estimates are provided on the following basis:

  • Title is registered at the Land Registry;
  • This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction;
  • The transaction proceeds at a normal pace and there is no deadline or similar urgency required
  • This is the transfer of an existing whole title;
  • The transaction is concluded in a timely manner and no unforeseen complication arise;
  • All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  • No indemnity policies are required. Additional disbursements may apply if indemnity policies are required;
  • The property is not sold at auction or by sub-sale;
  • The property is not a new build;
  • You are a UK resident and domiciled individual;
  • It is not a probate sale.

Disbursements: On the sale of a residential freehold property the disbursements will include:

  • Electronic money transfer fees of £30 including VAT per transfer;
  • Land Registry fees to obtain copy title documentation – we suggest you allow up to £50.

Sale of a leasehold residential property

Our fees cover the work required to complete the sale of your property. Our charges are usually offered on a fixed fee basis plus any extra administrative charges and costs made to others on your behalf, referred to as disbursements. Our fee estimate will be based upon the time that we think we are likely to spend on the matter and will cover all the work required to complete the sale of your property. A number of different factors will determine the exact amount of fees payable including any legal title complications or any special terms to be negotiated on a non-standard basis.

As a general guide, our fees for dealing with a straightforward UK residential freehold property sale are normally in the region of 0.5% to 2% of the sale price, plus VAT. However, we have a minimum fee of £2,250 plus VAT and disbursements.

Our fee estimates are provided on the following basis:

  • Title is registered at the Land Registry;
  • This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction (such as a deed of variation or licence for alterations);
  • The transaction proceeds at a normal pace and there is no deadline or similar urgency required
  • This is the transfer of an existing whole title;
  • The transaction is concluded in a timely manner and no unforeseen complication arise;
  • All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  • No indemnity policies are required. Additional disbursements may apply if indemnity policies are required;
  • The property is not sold at auction or by sub-sale;
  • The property is not a new build;
  • You are a UK resident and domiciled individual;
  • It is not a probate sale;
  • Your landlord(s) and/or their management company is/are co-operative and there is no unreasonable delay in providing documentation and replies to enquiries.

Disbursements: On the sale of a residential leasehold property the disbursements will include:

  • Electronic money transfer fees of £30 including VAT per transfer;
  • Land Registry fees to obtain copy title documentation – we suggest you allow up to £50;
  • Management pack from your landlord or their management company– these amounts can vary extensively depending on the size of the building and the amount of the information to be provided. In our experience you should allow for between £300 and £1,000.
  • Licence to Assign or deed of covenant – if either or both are require you will be responsible for paying the fees of your landlord’s solicitors to produce these documents. Again these fees can vary extensively from £300 to £1,800.

Purchase of a freehold residential property

Our fees cover the work required to complete the purchase of your property. Our charges are usually offered on a fixed fee basis plus any extra administrative charges and costs made to others on your behalf, referred to as disbursements. Our fee estimate will be based upon the time that we think we are likely to spend on the matter and will cover all the work required to complete the purchase of your property including dealing with the registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax. A number of different factors will determine the exact amount of fees payable including any legal title complications or any special terms to be negotiated on a non-standard basis.

As a general guide, our fees for dealing with a straightforward UK residential freehold property purchase are normally in the region of 0.5% to 1.5% of the purchase price, plus VAT. However, we have a minimum fee of £2,250 plus VAT and disbursements.

Our fee estimates are provided on the following basis:

  • Title is registered at the Land Registry;
  • This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction;
  • You do not require a mortgage to purchase the property;
  • The transaction proceeds at a normal pace and there is no deadline or similar urgency required
  • This is the transfer of an existing whole title;
  • The transaction is concluded in a timely manner and no unforeseen complication arise;
  • All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  • No indemnity policies are required. Additional disbursements may apply if indemnity policies are required;
  • The property is not sold at auction or by sub-sale;
  • The property is not a new build;
  • You are a UK resident and domiciled individual;
  • You do not require a bespoke declaration of trust.

Disbursements: On the purchase of a residential freehold property the disbursements will include:

  • Search fees – these can vary depending upon the location and type of the property but we suggest you allow up to £600;
  • Land Registry Registration fees – these vary between £40 to £910 depending upon the value of the property and the type of registration required;
  • Electronic money transfer fees of £30 including VAT per transfer;

Tax: We can advise you on the amount of Stamp Duty Land Tax that you will have to pay if the transaction is simple. For complex transaction specialist advice may be required. Our fees estimates do not include any time for advising upon reliefs and exemptions to Stamp Duty Land Tax.

You can calculate the amount of Stamp Duty Land Tax you will need to pay by using the tools on HMRC’s website: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

Purchase of a leasehold residential property

Our fees cover the work required to complete the purchase of your property. Our charges are usually offered on a fixed fee basis plus any extra administrative charges and costs made to others on your behalf, referred to as disbursements. Our fee estimate will be based upon the time that we think we are likely to spend on the matter and will cover all the work required to complete the purchase of your property including dealing with the registration at the Land Registry and with the landlord and dealing with the payment of Stamp Duty Land Tax. A number of different factors will determine the exact amount of fees payable including any legal title complications or any special terms to be negotiated on a non-standard basis.

As a general guide, our fees for dealing with a straightforward UK residential freehold property purchase are normally in the region of 0.75% to 1.5% of the purchase price, plus VAT. However, we have a minimum fee of £2,750 plus VAT and disbursements.

Our fee estimates are provided on the following basis:

  • Title is registered at the Land Registry;
  • This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction (such as a deed of variation or licence for alterations);
  • You do not require a mortgage to purchase the property;
  • The transaction proceeds at a normal pace and there is no deadline or similar urgency required
  • This is the transfer of an existing whole title;
  • The transaction is concluded in a timely manner and no unforeseen complication arise;
  • All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  • No indemnity policies are required. Additional disbursements may apply if indemnity policies are required;
  • The property is not sold at auction or by sub-sale;
  • The property is not a new build;
  • You are a UK resident and domiciled individual;
  • You do not require a bespoke declaration of trust;
  • Your landlord(s) and/or their management company is/are co-operative and there is no unreasonable delay in providing documentation and replies to enquiries.

Disbursements: On the purchase of a residential freehold property the disbursements will include:

  • Search fees – these can vary depending upon the location and type of the property but we suggest you allow up to £600;
  • Land Registry Registration fees – these vary between £40 to £910 depending upon the value of the property and the type of registration required;
  • Electronic money transfer fees of £30 including VAT per transfer.
  • Fees payable to the landlord and/or managing agent to register the ownership of the property. These fees can vary widely but we suggest you allow up to £100 plus VAT;
  • Additional fees may also be payable to the landlord and/or managing agents for items such as new share certificates. We suggest you allow up to £500 plus VAT for these items.

Tax: We can advise you on the amount of Stamp Duty Land Tax that you will have to pay if the transaction is simple. For complex transaction specialist advice may be required. Our fees estimates do not include any time for advising upon reliefs and exemptions to Stamp Duty Land Tax.

You can calculate the amount of Stamp Duty Land Tax you will need to pay by using the tools on HMRC’s website: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

Employment – Price and Service Information

The majority of cases we handle are resolved to our client’s satisfaction without the need for a full hearing. However, when a hearing is necessary we always seek to keep our cost reasonable and proportionate to the potential financial compensation available for both wrongful and unfair dismissal claims.

Our pricing for bringing and defending claims for unfair or wrongful dismissal are:

Simple case: £5,000-£10,000 (excluding VAT)
Medium complexity case: £10,000 to £20,000 (excluding VAT)
High complexity case: £20,000 to £80,000 (excluding VAT)

Factors that usually make a case more complex and therefore more expensive:

  • If it is necessary to make or defend applications to amend claims or to provide further information about an existing claim;
  • Defending claims that are brought by litigants in person;
  • Making or defending a costs application;
  • Complex preliminary issues such as whether the claimant is disabled (if this is not agreed by the parties);
  • The number of witnesses and documents;
  • If it is an automatic unfair dismissal claim for example whistleblowing cases;
  • Allegations of discrimination which are linked to the dismissal;
  • Claims of fraud;
  • Claims involving “whistleblowing”.

There will be an additional charge for attending a Tribunal Hearing of £4,000 per day (excluding VAT) if attendance by a partner is required and £2,500 (excluding VAT) a day if attendance by an Associate is required. The length of any Tribunal Hearing will depend on the Tribunal’s scheduling of the Hearing and the complexity of the case.

Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We deal with the payment of the disbursements on your behalf to ensure a smoother process. They are not included in the above estimates.

Counsel’s fees estimated between £2,500 to £15,000 per day (depending on experience of the advocate) for attending a Tribunal Hearing lasting 1 to 3 days. (Including preparation).

Key stages

The fees set out above cover all of the work in relation to the following key stages of a claim:

  • Taking your initial instructions, reviewing the papers and advising you on merits and likely compensation (this is likely to be revisited throughout the matter and subject to change);
  • Entering into pre-claim conciliation where this is mandatory to explore whether a settlement can be reached;
  • Preparing claim or response;
  • Reviewing and advising on claim or response from other party;
  • Exploring settlement and negotiating settlement throughout the process;
  • Preparing or considering a schedule of loss;
  • Preparing for (and attending) a Preliminary Hearing;
  • Exchanging documents with the other party and agreeing a bundle of documents;
  • Taking witness statements, drafting statements and agreeing their content with witnesses;
  • preparing bundle of documents;
  • Reviewing and advising on the other party’s witness statements;
  • agreeing a list of issues, a chronology and/or cast list;
  • Preparation and attendance at Final Hearing, including instructions to Counsel.

The stages set out above are an indication and if some of stages above are not required, the fee will be reduced. You may wish to handle the claim yourself and only have our advice in relation to some of the stages. This can also be arranged on your individual needs.

The time that it takes from taking your initial instructions to the final resolution of your matter depends largely on the stage at which your case is resolved. If a settlement is reached during pre-claim conciliation, your case is likely to take a few months. If your claim proceeds to a Final Hearing, your case is likely to take 6 to 18 months. This is just an estimate and we will of course be able to give you a more accurate timescale once we have more information and as the matter progresses.

Hourly Rates

Our fees are generally based on the time spent on the matter. These charges are subject to VAT and do not include disbursements relating to the work which are also payable. Our current standard hourly rates are as follows (exclusive of VAT):

Partners £395 to £425
Consultants £375 to £395
Associates £250 to £350
Trainee Solicitors £175

Probate – Price and Service Information

Our fees in dealing with probate and estate administration are based on the time spent on the matter. These charges are subject to VAT and do not include disbursements relating to the work which are also payable. Our current standard hourly rates are as follows (exclusive of VAT):

Partners £395 to £425
Consultants £375 to £395
Associates £250 to £350
Trainee Solicitors £175

We anticipate that a standard, straightforward UK estates typically leads to an overall charge falling within the range of £5,000 to £10,000 (plus VAT and disbursements).
It may be necessary to revise an initial estimate as matters develop, in which case we will inform you.

A standard, straightforward estate is one where:

  • There is a valid undisputed will;
  • We are not acting as executors;
  • There is no more than one property;
  • There are no more than three bank or building society accounts;
  • There are no intangible assets;
  • All the deceased’s assets are in the UK;
  • There are no more than three beneficiaries;
  • There are no disputes between beneficiaries on division of assets. If disputes arise this will lead to an increase in costs;
  • There is no inheritance tax payable and the executors do not need to submit a full account to HMRC;
  • There are no claims made against the estate;
  • There are no outstanding income tax or capital gains tax problems;
  • The deceased made no lifetime gifts which are reportable to HMRC or any reporting requirements in this regard are straightforward;

Disbursements: the typical disbursements payable on a standard straightforward estate are:

  • Oath Swearing fees (typically between £15 and £30);
  • Probate Court fee (currently £155 but these are due to substantially increase in April 2019);
  • Additional copies of the Grant (50p per sealed copy);
  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary)
  • Fees for publication of statutory notices (typically in the region of £250 – these protect against unexpected claims from unknown creditors).

Potential additional costs:

  • If there is no will or the estate includes any share holdings (stocks and bonds) there is likely to be additional costs that could range significantly depending whether the shares are listed on a public exchange or private company shares. We can give you a more accurate quote once we have more information.
  • Dealing with the sale or transfer of any property in the estate is not included.
  • Any taxation liabilities will be payable in addition.
  • Any professional costs (such as accountancy or valuation fees) will be payable in addition.

On average, estates that fall within this range are dealt with within six to twelve months. Typically, it takes four to five months to obtain the Grant of Representation. Collecting assets then follows, further to which any legacies can be dealt with and the liabilities of the estate discharged, which can take between two to four months. Following this, the appropriate tax clearances need to be obtained and estate accounts prepared and approved before the balance can be distributed to the residual beneficiaries.

Tell us how we can help you

Please use the form below to provide details of your requirements. A member of our team will respond to you as soon as possible.

Alternatively, call us now on 020 7637 3289 or email enquiries@kblaw.co.uk

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