Transparency

Legal Costs - Transparency in price and service

We are required by the Solicitors Regulation Authority to provide details of our charges for certain work that we undertake. We pride ourselves on offering a service which is undertaken by fully qualified lawyers.

There are generally 2 main elements to legal costs:

  • Our charges;
  • Expenses we must pay out on your behalf (sometimes referred to as disbursements).

Our charges are quoted exclusive of VAT which will be added at the relevant rate that applies when the work is carried out. Our charges are calculated by reference to the hourly rate relevant to the fee earner who deals with your matter. The rates are in turn calculated by reference to the level of experience and qualification of the fee earner involved. These can be summarised as follows:-

  • Partner - £235 - £245 per hour
  • Associate solicitor - £220 - £230 per hour
  • Legal Executive - £220 per hour

Details of the qualifications and level of experience of our fee earners can be found on their individual links on our website. The hourly rates charged by the relevant fee earners are reviewed annually and may increase during the course of the transaction. If this impacts on your likely costs, we will advise you.

We are able to give a broad indication of our likely costs in certain transactions, these are not specific quotes but estimates of the type of fee that is likely to be charged.

Residential Conveyancing
When acting in the process of a freehold sale or purchase; leasehold sale or purchase or in relation to a mortgage or re-mortgage our fees cover all the work required to complete the transaction on your behalf, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty).

Our fees will be calculated by reference to the value of the property you are buying or selling and whether or not the property is freehold or leasehold. A detailed quote will be provided on request at the outset of the transaction however our fees for a freehold transaction will range between £1100 and £1600 where the value is up to £1m. For transactions above £1m our costs will be not less than £1600. Where the property is a leasehold purchase of up to £1m our fees will range between £1400 and £2500 depending on the value and nature of the property involved; above £1m our fees will be not less than £2500. When acting purely on a remortgage our cost will be in the region of £700 - £850 depending on the value of the mortgage and/or property involved.

In addition to our fees a purchase transaction will incur local authority search fees (the cost will be dependent upon the location of the property); bank transfer fees; Land Registry fees (the cost will be dependent upon the value of the property) and Land Registry Search fees and bankruptcy search fees. In addition a purchase may incur Stamp Duty. You can calculate the amount you will need to pay by using HMRC's website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

Probate
Our fees for dealing with the collection and distribution of assets belonging to a person following their death where these are within the UK and matters are not contested.

The exact cost of applying for, collecting and distributing the assets of a deceased's estate will depend upon the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be lower. If there are multiple beneficiaries, property and multiple bank accounts and investments, costs will be higher.

The fees will be calculated by reference to the hourly rate of the lawyer dealing with your matter. In addition, we may charge a fee by reference to the value of the deceased's estate. The level of fee will depend upon the value of the estate but will generally be no more than 0.5%. We will provide a detailed indication of costs on receiving instructions and will agree any costs attributable to the value of the estate with you at the outset.

In addition to our fees there are likely to be further expenses for example, a fee payable to the Court for obtaining a grant of probate; placing advertisements in local paper/The London Gazette to protect against unexpected claims or creditors; swearing an oath fee and bankruptcy searches. In addition there may be various taxes to pay. The conveyancing costs involved in the sale of any property will be charged separately.

Employment tribunals (claims for unfair or wrongful dismissal)
We base our charges by reference to the actual time spent on the matter calculated by reference to the hourly rate of the fee earner conducting the matter on your behalf.

Debt Recovery on behalf of a company - up to £100,000
We base our charges by reference to the actual time spent on the matter calculated by reference to the hourly rate of the fee earner conducting the matter on your behalf.

In addition to our fees there are likely to be further expenses, for example court fees payable on issuing any proceedings. Details of court fees can be found at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/728133/ex50-eng.pdf

 

Bowles & Co
Bowles & Co is the trading name of Bowles & Co Solicitors LLP. Bowles & Co Solicitors LLP is a limited liability partnership registered in England and Wales with registered number OC370989. Registered Office is 18 Church Street, Epsom, Surrey KT17 4QD where a list of members si open to inspection. Bowles & Co Solicitors LLP is authorised and regulated by the Solicitors Regulation Authority, for more information contact www.sra.org.uk. We use the word "partner" to refer to a member of the LLP, or an employee or consultant who is a lawyer with equivalent standing and qualification. Vat registration number 209 7376 44
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