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Professional Fees - Standley & Co Solicitors
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Professional Fees

Conveyancing Fees

 

Our fees cover all the work required to complete the sale and/or purchase of your new home, including dealing with registration at the Land Registry (purchase only), dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales, dealing with the redemption of your existing mortgage (if appropriate) and all other key stages to include:

 

  • Taking Instructions and giving you initial advice
  • Checking finances are in place (purchase)
  • Receiving and advising on contract documents
  • Carrying out searches (purchase only)
  • Making further enquiries where necessary
  • Advising on all documentation received
  • Perusing and advising on mortgage offer (if any – purchase only)
  • Advising on formal process regarding exchange of contracts
  • Drafting or perusing contract documentation
  • Obtain pre completion searches (purchase)
  • Exchanging contracts and notifying you
  • Redemption of mortgage (sale)
  • Arranging for monies to be transferred (purchase)
  • Completing the matter on your behalf
  • Post completion work (purchase including Stamp Duty/Land Tax)
  • Liaising with you throughout the process

*Sale of a Property

 

  • Up to £250,000
  • £695
  • Between £250,000 – £500,000
  • £750 – £850
  • Between £500,000 – £1,000,000
  • £850 – £2,000
  • Between £1,000,000 and £3,000,000
  • £2,000 – £3,000
  • £3,000,001+
  • Please call the office to discuss with a member of our team

*Purchase of a Property

 

  • Up to £250,000
  • £695
  • Between £250,000 – £500,000
  • £795 – £895
  • Between £500,000 – £1,000,000
  • £895 – £2,500
  • Between £1,000,000 – £3,000,000
  • £2,500 – £3,500
  • £3,000,001+
  • Please call the office to discuss with a member of our team

Additional fees:

 

  • £40.00 plus VAT Bank charge for the transfer of monies
  • £200.00 plus VAT Help to Buy Administration fee (purchase only)
  • £295.00 plus VAT Help to Buy Repayment of Loan fee
  • £50.00 plus VAT Help to Buy ISA Administration fee (purchase only)
  • £150.00 plus VAT Leasehold fee (to be added if purchasing a non-shared ownership leasehold flat/apartment/new build)
  • £195.00 plus VAT Leasehold fee (to be added if purchase a shared ownership leasehold property)
  • £100.00 plus VAT Leasehold fee (to be added if purchasing a leasehold house)
  • £50.00 plus VAT Stamp Duty Land Tax form
  • £6.00 plus VAT Online ID check
  • £40.00 plus VAT file storage fee on completion of the transaction

*Additional Services

 

As well as residential conveyancing, our experienced team offer a range of additional property related transactions which we detail below.   Please contact one of our team who will be happy to discuss the process with you further.

 

Remortgage of property – £600 plus VAT

Transfer of Equity – £500 plus VAT

Remortgage and Transfer of Enquity – £695 plus VAT

Declaration of Trust – please call the office and speak with a member of our team

Purchase of the freehold – £650 plus VAT

Lease Extension – £650 plus VAT

Equity release – £850 plus VAT

Equity release with Lease Extension – £1,000 plus VAT

Deed of Variation – £650 plus VAT and disbursements

Staircasing:

£1,000 plus VAT on freehold properties

£1,500 plus VAT on leasehold properties

Disbursements

 

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending the individual property. We will update you on the specific fees upon receipt and review of the documentation.

 

Stamp Duty (purchases only).  This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website

 

Search fees are payable on property purchases and depend on the price of the property.  Your adviser will confirm these charges to you once a purchase price is known.

 

*These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.  These fees are further quoted on the basis that 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.

 

How long it will take from the offer being accepted (sale) until you can move in to your house (purchase) will depend on a number of factors. The average process takes between 12 -16 weeks. It can be quicker or slower, depending on the parties in the chain.

Employment advice for Individuals

 

Experiencing difficulties with an employer can be a very stressful and worrying time.   If you have an issue or are experiencing problems within your workplace, please contact us and one of our employment team will provide you with all the advice you need, based on your circumstances.

Our pricing for bringing and defending claims for unfair or wrongful dismissal is as follows:

Simple case: £2,000 – £3,500  (excluding VAT)

Medium complexity case: £3,000 – £8,000 (excluding VAT)

High complexity case: from £8,000 (excluding VAT) – an estimated figure will be discussed with you once we are aware of the issues surrounding the case.

There are certain factors that could make a case more complex, for example:

  • 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 e.g. if you are dismissed after blowing the whistle on your employer
  • Allegations of discrimination which are linked to the dismissal

 

There will be an additional charge for attending a Tribunal Hearing of £1,500 per day (excluding VAT). Generally, we would allow 3 days depending on the complexity of your case.

 

Disbursements

 

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Counsel’s fees estimated between £2000 to £3,500 per day (depending on experience of the advocate) for attending a Tribunal Hearing (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 and chronology
  • 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.

 

How long will my matter take?

 

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 6 – 8 weeks. If your claim proceeds to a Final Hearing, your case is likely to take 16 weeks. 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.

 

If you would like to discuss any issue you may have, please contact a member of our employment team.

Debt Recovery for Businesses

 

We can act for your business to assist you in recovering monies.   The fees for this service vary.

 

Court Claims

 

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.  If only one letter is required, the fee will be between £350 – £500 plus VAT.  Should the matter proceed thereafter and an hourly rate be chargeable, our rates are as follows:

 

Partner – £365 per hour plus VAT

Solicitor – £310 per hour plus VAT

Cilex  – £265 per hour plus VAT

 

The Court fees differ depending on the value of the claim as follows:

 

Debt value

  

Court fee

  

 
£5,000 – £10,000 £455
£10,001 – £200,000 5% of the value of the claim
£200,001 or is not limited £10,000

 

 

If you decide that you wish to proceed with a claim, it should be noted that:

 

  • 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 your debt.

 

Our fee includes:

  • Taking your instructions and reviewing documentation
  • Undertaking appropriate searches
  • Sending a letter before action
  • Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default
  • When Judgement in default is received, write to the other side to request payment
  • If payment is not received within 7 days, providing you with advice on next steps and likely costs

 

Matters usually take 4 – 16 weeks 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. 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.