Charging Policy

Residential Sales

Purchase price

Our fees

VAT @20%

TOTAL

Up to £150,000

£550 to £600

£110 to £120

£660 to £720

£150,000 to £180,000

£600 to £650

£120 to £130

£720 to £780

£180,000 to £220,000

£650 to £750

£130 to £150

£780 to £900

£220,000 to £500,000

£750 to £1,250

£150 to £250

£900 to £1,500

Over £500,000

£1,250 to £2,000

£250 to £400

£1750 to £2400

Other fees payable

In all cases there are payments we have to make to others routinely called “disbursements”. These payments must be added to the price ranges above. They may include:-

  • Office copies £6 per registered title – where the property is already registered at HM Land Registry.
  • Land registry fees to provide documents £3 per document – where the purchase property is already registered at HM Land Registry.
  • H M Searches £2 per name – where the purchase property is not registered at HM Land Registry.
  • Index map search £4 where the purchase property is not registered at HM Land Registry.
  • Bank Transfer fee £12 per bank transfer
  • Local Search – this checks that there are no unknown proposed developments which might impact upon the land to be purchased. The fee differs from county to county and the likely range is £180 to £250

Sale example of a house registered at HL Land Registry in Ceredigion for an agreed sale price of £205,000:

Godwins fees

700.00

 

VAT @ 20%

140.00

 

Land Registry fees

6.00

 

Bank transfer fee

12.00

£858.00

Residential Purchase

Purchase price

Our fees

VAT @20%

TOTAL

Up to £150,000.

£550 to £600

£110 to £120

£660 to £720

£150,000 to £180,000

£600 to £650

£120 to £130

£720 to £780

£180,000 to £220,000

£650 to £750

£130 to £150

£780 to £900

£220,000 to £500,000

£750 to £1,250

£150 to £250

£900 to £1,500

Over £500,000

£1,250 to £2,000

£250 to £400

£1750 to £2400

Other fees payable

Search fees (to include a local authority search, water and drainage search and environmental search) (depending on area)

£180 - £250

Land Registry search (registered land only)

£3 per registered title

Bankruptcy search

£2 per name (both registered and unregistered land)

Bank transfer fee.

£12

Stamp duty*

Depends on area and price

Where you are having a mortgage

 

Land charge search (unregistered land only)

£2 per name

*Stamp Duty is calculated on a different basis and at different rates depending on the location of the property and the purchase price (different rules apply for England and Wales) and your personal circumstances i.e. is this your first home purchase (again different rules apply for England and Wales). Here are to links to stamp duty calculators in England and Wales.

Purchase example of a house registered at HL Land Registry in Ceredigion for an agreed purchase price of £180,000:

Godwins fees

575.00

 

VAT @ 20%

115.00

 

Local searches

180.00

 

Bank transfer fee

12.00

 

Stamp Duty

0

 

Land Registration fee

 

£882.00

Re-mortgages

Mortgage value

Our fees

VAT @20%

TOTAL

Up to £200,000.

£350

£70

£420

Over £200,000

£550

£110

£660

Other fees payable (if required)

Search fees (to include a local authority search, water and drainage search and environmental search) (depending on area)

£180 - £250

Land Registry search (registered land only)

£3 per registered title

Bankruptcy search

£2 per name (both registered and unregistered land)

Bank transfer fee.

£12

Land charge search (unregistered land only)

£2 per name

Land Registration fee

 

Important Notes

  • The conveyancing prices above include all work required to buy/sell your property provided no unforeseen problems arise i.e. a deed of easement is not required, or the title is not defective and thus an application to the Land Registry is not required to rectify or create a title. If such problems arise during the transaction, then you will be advised beforehand of the likely additional costs.
  • If a Declaration if Trust is required to set out shares in the property you are buying with a co-purchaser(es) then an additional fee will be payable for the preparation of the Trust Deed and you will be advised of the cost of these additional works beforehand.
  • We do not charge any additional fees for completion and submission of the Land Transaction form.

Uncontested Probate work

We undertake all aspects of probate work – from securing a grant to acting throughout the administration of an estate

For an estate which comprises one dwelling worth £150,000 and other savings of £50,000 where we are instructed to obtain a grant only our fees are fixed at £1,000 plus VAT.

If you instruct us to act in the administration of the estate also (i.e. bring in the assets and distribute them as appropriate) this fixed fee does not apply. In such circumstances our charges will be based on a Law Society approved basis and will be explained to you beforehand.

The charges will be based on the size of the estate and, in addition an hourly rate of between £175 and £201 depending on which fee earner undertakes the work.

The cost includes a probate fee which with effect from April 2019 will dramatically increase in many cases.

Employment tribunals for unfair/wrongful dismissal

The firm’s charges will be based on an hourly rate of £201 which is Simon’s current hourly rate and is the approved county court rate locally for a Grade A fee-earner (the grading is based on experience and length of post qualification experience.

Parts of the tribunal process may be capable of being undertaken as self- standing charges (i.e. representation at hearing for a fixed price or drafting witness statements for a set price). Please ask for further information. Fees are no longer charged to Claimants on issue. The link provides the procedures that will affect most employment tribunal cases.

Debt recovery up to £100,000

The firm’s charges will be based on an hourly rate of £201 which is Simon’s current hourly rate and is the approved county court rate locally for a Grade A fee-earner (the grading is based on experience and length of post qualification experience.

Parts of the tribunal process may be capable of being undertaken as self- standing charges (i.e. representation at hearing for a fixed price or drafting witness statements for a set price). Please ask for further information.

The court fees are regularity increased see attached. No VAT is payable on court fees or the vast majority of fees payable to organisations. VAT is charged by other professionals who provide a service themselves to the firm i.e. barristers, experts

FAQs:

Q: Why is this being introduced?

A: In December 2016 the Competitions and Markets Authority published its legal services market study, in which it concluded that there was a lack of transparency for consumers in the legal services market, especially in relation to price, quality and service.
In its application to the LSB, the SRA stated: “Our objective is that consumers should have the information they need to make informed choices about the purchase of legal services. Specifically, we aim to ensure that consumers have the information they need about firms, the services they offer, the prices they charge and the protections they have in place. This will enable consumers to compare different providers and make informed choices about which provider will best meet their need”.

Q: Which legal services are affected?

A: The Rules are currently limited to certain types of legal service provided by SRA authorised firms.
For members of the public, the services are:

  1. Residential conveyancing;
  2. Uncontested probate cases where all assets are in the UK;
  3. Immigration (apart from asylum appeals);
  4. Summary only motoring offences;
  5. Employment Tribunal claims for unfair or wrongful dismissal against (representing the employee).

For businesses, the services are:

  1. Defending Employment Tribunal claims for unfair or wrongful dismissal (representing the employer);
  2. Debt recovery up to £100,000;
  3. Licensing applications for business premises.

In explaining the services they have selected, the SRA explain they “…have chosen services in which we believe firms can fairly easily predict the activities that will need to be carried out and so fix or estimate prices.”
However, the SRA have made it clear that this is only the beginning: “Although firms will only be required to publish price and a description of services in these areas, we encourage firms to publish price and service information for additional legal services if they are able to do so”.
The SRA have expressed their wish that the requirements “will act as a catalyst and that the market will respond by providing better information across the whole of the legal services market”. It is reasonable to infer that the SRA will in due course add to the categories of work covered by the Rules.

Q: What information must be published in relation to price?

A: The Rules require SRA authorised firms to publish cost information clearly and prominently on their websites. This must include:

  1. the total cost of the service or, where not practicable, the average cost or range of costs;
    In its guidance document, the SRA state that where a range of costs is published, there is a need to set out the basis for the charges, including hourly rates where appropriate and the factors which will have a bearing on the final price.
    The SRA guidance also states that where different prices are offered for different ways of providing services (such as higher charges for face-to-face services than online services), this should be made clear.
  2. the basis for your charges, including any hourly rates or fixed fees;
  3. the experience and qualifications of anyone carrying out the work, and of their supervisors;
  4. a description of, and the cost of, any likely disbursements, and where the actual cost of a disbursement is not known, the average cost or range of costs;
  5. whether any fees or disbursements attract VAT and if so the amount of VAT they attract;
  6. details of what services are included in the price displayed, including the key stages of the matter and likely timescales for each stage, and details of any services that might reasonably be expected to be included in the price displayed but are not;
    In their guidance document, the SRA state that it is important to specify exactly what is included in the price displayed even if the price is a fixed fee, in order to avoid confusion about what customers might need to pay extra for.
    and
  7. if you use conditional fee or damages-based agreements, the circumstances in which clients may have to make any payments themselves for your services (including from any damages).

The SRA’s guidance document also specifies that if your website uses a quote generator, the result must be produced directly without requiring any additional contact such as a telephone call.

The SRA is more concerned with the impact on the consumer than the specific pricing model used by a firm. As set out in its guidance document “Its purpose is to make sure that information on costs and services is as readily available to the public as possible, in a format that is accurate and easy for them to understand”. However, while there is no requirement to publish a binding quote for every possible scenario, the templates for pricing models included in the SRA’s guidance demonstrate that the expectation is for comprehensive and detailed pricing information. While these templates are for guidance only, it may be difficult for a firm to comply with the Transparency Rules without providing a similar level of information.

For example, for bringing and defending claims for unfair or wrongful dismissal, the template includes a range of costs for a simple case, a medium complexity case and a high complexity case and lists the factors which could make a case more complex. The template then sets out the key stages of a claim which the fees would cover and also provides information about possible disbursements, including an estimate for Counsel’s fees.

While a firm will not be bound by this information if unforeseen complexities arise in a case, clients will clearly not expect to pay significantly more than the prices published on the website. In order to maintain trust with clients, firms will therefore need to ensure the information they publish effectively manages client expectations as to potential increases.

Q: Are there any exceptions?

A: The requirement to publish cost information about relevant services only applies where information is published about the availability of these services. In other words, where a law firm or sole practitioner provides relevant services to clients but does not publish the availability of these services, there is no requirement for prices to be published. This might be helpful for law firms which provide services to existing clients which do not form part of their normal portfolio of work and which are not therefore publicly advertised.

This raises the issue of whether firms which are averse to publishing price information could remove reference to the availability of relevant services from their websites in order to side-step the requirement to publish. This may appeal to well-established firms which receive the majority of their work through referrals and their general reputation and which therefore do not need to advertise the availability of certain services. The SRA considered this possibility in their application to the LSB, but their view was that “firms who choose to do this would be at a huge competitive disadvantage as increasing numbers of consumers use the internet to find and choose a legal services provider. Firms who choose not to publish the availability of their services will therefore struggle to attract new business. For this reason, we consider it very unlikely that firms would choose to take this route”.

As set out above, the Rules (at least initially) only require law firms to publish price information in relation to certain services for businesses and certain services for members of the public. There is no definition of what the SRA means by “businesses” within either the Rules or the Guidance. The Rules state that the aim is to help members of the public and small businesses to make informed choices and in their application to the Legal Services Board, the SRA stated: “We believe that our price publication requirements will most clearly assist individual consumers and small businesses… Large commercial clients are not at the same disadvantage in making informed purchasing decisions and are unlikely to use comparison information in the same way when choosing a legal services provider. The areas of legal services we have chosen are deliberately focused on issues most affecting individual consumers and small businesses.”

Firms which do not provide services in the specified areas will not have to publish any price information. However, the SRA clearly intends to widen the application of the Transparency Rules in time and so this freedom may be change.

 

 

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