Legal Costs and Information
Regulatory Information:
Salehs LLP is a limited liability partnership registered in England and Wales registration number OC319982. Registered Office as displayed below.
VAT number 437 798 493
Authorised and regulated by The Solicitors Regulation Authority SRA ID 450350
We use the word “Partner” to refer to a member of the LLP or an employee or consultant with the equivalent standing or qualifications. A list of the members of the LLP is displayed at the registered office together with a list of those non-member who are designated as partners.
Indemnity Limitation:
In the unlikely event of there being any claim against us arising from the services which we provide to you the maximum amount of any claim will be limited to £10,000,000 per claim (being the limit of our indemnity insurance cover), and no greater amount may be claimed in any circumstances. We will provide to you on request the name and contact details of our Professional Indemnity Insurer.
FCA Registration:
Salehs is not authorised by the Financial Conduct Authority. However, we are included on the register maintained by the Financial Conduct Authority so that we can carry on insurance mediation activity, which is broadly the advising on, selling and administration of insurance contracts. This part of our business, including arrangements for complaints or redress if something goes wrong, is regulated by The Solicitors Regulation Authority. The register can be accessed via the Financial Conduct Authority website at www.fca.org.uk
Applicable Law:
Salehs is not authorised by the Financial Conduct Authority. However, we are included on the register maintained by the Financial Conduct Authority so that we can carry on insurance mediation activity, which is broadly the advising on, selling and administration of insurance contracts. This part of our business, including arrangements for complaints or redress if something goes wrong, is regulated by The Solicitors Regulation Authority. The register can be accessed via the Financial Conduct Authority website at www.fca.org.uk
Equality and Diversity:
We are committed to equality and diversity in all our dealings with clients, employees and others. Please contact the Practice Manager if you would like a copy of our equality & diversity policy.
Professional Rules:
The professional rules relating to solicitors’ firms, including the Code of Conduct can be accessed on the website of the Solicitors Regulation Authority at www.sra.org.uk
Legal Costs:
Our transparent fee scale has been designed to ensure clarity for you as to costs from the outset of your transaction.
Residential Conveyancing Costs:
We are aware that as well as being a stressful process, clients are very aware of the need for clarity in costs in selling, buying, remortgaging or transferring a property.
For a sale transaction from £0 to £1,000,000 our costs range from £925 plus VAT and disbursements to £1,500 plus VAT and disbursements. The likely disbursements incurred on a sale transaction will include the following:-
Land Registry Official Copies - £7.20 per set
Land Registry Official Copy Documents - £3.60 per document
Bank Transfer Fee - £35 plus VAT
Electronic ID Fee - £13.50 (per person)
In addition, on a leasehold flat transaction, there may also be additional costs charged by the freeholder/management company which vary from property to property.
For purchase transactions from £0 to £1,000,000 our costs range from £975 plus VAT to £1,750 plus VAT together with disbursements. The disbursements on a purchase transaction can include the following:-
Stamp Duty Land Tax - Dependent on purchase price and buyer situation
Land Registry registration fee - As per Land Registry fee scale
https://www.gov.uk/guidance/hm-land-registry-registration-services-fees
Local search - Dependent on location of the property (local range £125 – £345)
Drainage search - £67.40 (United Utilities)
Environmental search - £140.50
Bank transfer fee - £35 plus VAT
Chancel search - £30
Electronic ID fee - £13.50 (per person)
Land Registry search - £3.60
Bankruptcy search - £2.40 (per name)
The fees vary from property to property and specifically are dependent on location. We will be able to give you an accurate breakdown of costs for any transaction once we have specific detail from you. If you require a quote please contact Ben Crouch on 0161 434 9991 or at bpc@salehs.co.uk. For further information as to the services provided please click here www.salehs.co.uk/house-sales-purchases
Key stages and timescales:
Our fee includes the activities as described in the attachments below.
Estate Administration and Probate Costs:
At Salehs we provide an efficient service which is at the same time sensitive and supportive as we take the time to understand your unique needs. We understand how difficult it can be when a loved one passes away and we have considerable experience in administering estates of all types and sizes.
Costs of administering Estates are as follows:-
Straightforward Estate where all assets to a surviving spouse and there is no inheritance tax to pay
From £2,000 plus VAT
Average £2,500 plus VAT
Straightforward Estate with issues such as investigating unknown or unusual assets/property, missing Will and/or tracing of family members
From £2,500 plus VAT
Average £4,000 plus VAT
A Complex Estate where there is inheritance tax to pay and the Will creates a trust upon death
From £4,000 plus VAT
Average £5,500 plus VAT
Complex Estates where the estate exceeds £650,000, obtaining a Grant of Probate/Grant to Letters of Administration only business assets, high value assets and inheritance tax negotiations with HMRC or other tax issues
From £6,000 plus VAT
Average £9,000 plus VAT
Obtaining a Grant of Probate/Grant to Letters of Administration only
From £1500 plus VAT and disbursement.
Our fee includes all activities that cover the key stages of a probate including:
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Making initial enquiries and valuations which is to ascertain what the Estate is worth.
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Confirming ownership and value of the assets of the Estate
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Identifying and valuing any liabilities or debts
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Establish whether there is a valid Will
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Make an application for a Grant of Representation (Probate or Letters of Administration)
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Prepare the Inheritance Tax Return
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Submit Inheritance Tax Return to HM Revenue & Customs
On receipt of Grant of Representation:
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Close bank accounts
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Claim insurance policies
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Sell or transfer assets
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Pay debts and liabilities
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Prepare Estate accounts
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Distribute estate
Timescales:
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To make application to Probate registry, on average, could take up to 6 months.
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Completing the whole administration of estate could take up to 12 months.
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For more complex estates it will take longer.
Disbursements are also payable and we may ask for payment on account, however you will be reimbursed once the Estate is in receipt of funds and these include:-
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Probate application fee £300
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Additional copy of Grant of Probate £1.50 each
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Oath swearing fee £5
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Land Registry title information £3
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Bankruptcy searches £2 per each beneficiary
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Valuation fees
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Statutory Notices in the London Gazette and local Newspaper £100 – £250 plus VAT
All Estates are different and vary in size and complexity which means costs vary. We will be able to give you a more accurate estimate of costs once we have specific detail from you. If you require a quote please contact Lois Channon on 0161 434 9991 or at lc@salehs.co.uk. For further information as to the services provided please click here http://www.salehs.co.uk/for-you/probate/
Debt Recovery Claims Costs up to £100,000:
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 on an hourly rate if more extensive work is needed.
Our Fees excluding VAT (which will be added to the invoice).
The exact cost will depend on the individual circumstances of the matter. For example, how soon into the process the matter is settled. Also, our solicitors and fee earners have different levels of expertise and hourly rates ranging from £90 to £250 per hour plus VAT.
On average, the estimated time to deal with undisputed debt recovery matters can range from 1 or 2 hours for matters that settle early to around 5 hours plus for cases that settle later, such as after court proceedings have been issued.
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as court fees, counsel’s fees and Land Registry fees. Where court proceedings are issued the following court fees are payable in addition to our fees:
Debt Value
Up to £300
Greater than £300
but no more than £500
Greater than £500
but no more than £1,000
Greater than £1,000
but no more than £1,500
Greater than £1,500
but no more than £3,000
Greater than £3,000
but no more than £5,000
Greater than £5,000
but no more than £10,000
Greater than £10,000
but no more than £100,000
Court Fee
£35
£50
£70
£80
£115
£205
£455
5% of the value of the claim
Anyone wishing to proceed with a claim should note that:
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The VAT element of our fee cannot be reclaimed from your debtor.
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Interest and compensation may take the debt into a higher banding, with a higher cost.
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The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.
Our fee includes:
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Taking your instructions and reviewing documentation;
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Undertaking appropriate searches;
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Sending a letter before action;
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Receiving payment and sending on to you, or if the debt is not paid, drafting and issuing claim;
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Where no Acknowledgement of Service or Defence is received, applying to the court to enter Judgment in default.
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When judgment in default is received, write to the other side to request payment
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If payment is not received within 14 days, providing you with advice on next steps and likely costs
Our quoted fees above assume the following:
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The debtor’s location is known and is based in England or Wales;
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The debt is evidenced in writing;
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The debt is not disputed; and
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Counsel does not need to be instructed.
How long will the matter take?
Matters usually take 6-8 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 judgment in default. If enforcement action is needed, the matter will take longer to resolve.
If you would like to instruct us, or learn more about our Dispute Resolution services, please contact Anna Barnes on 0161 434 9991 or at lab@salehs.co.uk
Alternatively, for further information about the services provided by the Dispute Resolution team please click here www.salehs.co.uk/business/commercial-litigation-dispute-resolution/