Cyril Jones & Co transparency information on costs and scale of fees
This information is to enable clients to know the basis of how we calculate and set our fees and give estimates for costs. We always have the discretion to vary these fees and in many cases the clients costs will be less than the scales set out. In complicated matters that have unusual features that only become known as the matter progresses the case handler may have to re visit any information given about estimates and costs.
You should always consult your solicitor or case worker handling your matter if you require more information on the legal costs.
Below is the standard scale of fees that we charge for the type of legal services we offer.
RESIDENTIAL SALES & PURCHASES
UP TO 200.000
501.000 AND OVER
This is subject to the solicitors discretion according to purchase price but will not be less than (£1000 plus VAT)
NEW BUILD FREEHOLD
NEW BUILD LEASEHOLD
HELP TO BUY/SHARED EQUITY
HELP TO BUY ISA (FOR EACH ISA)
REMORTGAGE & TRANSFER OF EQUITY
RIGHT TO BUY
DECLARATION OF TRUST
LEASES – NOT LESS THAN
The fees will reflect the amount of work involved and complexity
ADDITIONAL CONVEYANCING CHARGES
MORTGAGE PANEL FEE
E.CONVEYANCING CASE FEE SALE
CLIENTS REQUEST FOR RETRIEVAL OF ARCHIVED FILE
RE-CLAIMING ENHANCED LAND TAX OR STAMP DUTY
CONVEYANCING FEES TO THIRD PARTIES
During a transaction we will have to pay other parties fees. These are called disbursements These are typically but not exclusively
Property search fees
Land registry office copies
Land registry personal bankruptcy searches
2-00 per name
Leasehold management packs between
150-00 and 300-00
Other payments can arise such as indemnity policies details of which you will be made aware of if applicable
VOLUNTARY REGISTRATION AT LAND REGISTRY PLUS LAND REGISTRY FEES
LAND REGISTRY FEES
These vary according to what type of application is being made but for registered conveyancing applications these will be
First registrations and transfer of part of a title will attract twice the registered fee
A full range of fees can be found on the Land Registry website
SINGLE STRAIGHT FORWARD
MIRROR STRAIGHT FORWARD
MORE COMPLICATED WILLS ARE LIKELY TO INCUR ADDITIONAL FEES OF ABOUT
LASTING POWER OF ATTORNEY
BOTH (PROPERTY AND HEALTH )
COUPLE DOING BOTH I.E. 4 DOCUMENTS
CHANGE OF NAME DEED
WHERE INSTRUCTIONS ARE LIMITED ONLY TO APPLYING FOR GRANT – WHERE NO INHERITANCE TAX IS INVOLVED PLUS PROBATE COURT FEE which is £155-00
WHERE IHT400 & SCHEDULES INVOLVED – SUBJECT TO FE DISCRETION BUT NOT LESS THAN PLUS PROBATE COURT FEE.
ESTIMATES FOR ADMIN OF ESTATES
The basic formula for estimates and calculation of fees is as follows:-
1% of cash assets
0.5% of property value
W.I.P. ( work carried out on the matter)
Estimates for costs on probate and administration files can not usually be given with any degree of accuracy until sufficient information is known about the assets and how much work might be involved in liquidating or transferring assets. You should always feel free to request an up to date estimate of fees on your matter. We try to do this as early on in the matter as possible.
PREPARATION AND LODGING REPORT OR ACCOUNT TO PUBLIC GUARDIAN
FAMILY LAW WORK
STRAIGHT FORWARD DIVORCE
Court fee £550-00
FINANCIAL ORDER AGREED
Court fee 50-00
FIRST CHILDRENS HEARING AND PREPARATION
Court fee 215-00
PRE NUPTIAL AGREEMENT/COHABITATION AGREEMENT STARTING FROM
SETTLEMENT AGREEMENTS COSTS USUALLY PAID BY EMPLOYER
PERMITS TO TRAVEL ABROAD
DECLARATIONS AS TO MARRIAGE ABROAD WHERE DOCUMENTS ARE ALREADY PREPARED
WHERE DOCUMENTS ARE PREARED BY US
SWEARING OATHS AND DECLARATIONS
5-00 per name plus 1-00 for each exhibit
Each of our fee earners have an hourly charging rate depending on the level of experience and seniority and the complexity of the work involved.
Not everything is charged on an hourly rate. Some matters can be charged at a fixed fee and that should be discussed with your solicitor
We use a computerised time recording system for some matters which calculates matters such as time spent with a client; time spent on the file; time spent with third parties on behalf of the client; correspondence/emails; telephone attendances; travel; court waiting times; court hearing times. This time recording shows up on our accounts as WIP (work in progress). Each hour is divided into 10 units.
In conveyancing matters at the outset we give the client an estimate of the fees for the work required rather than time record. Please note that we give estimates and not fixed quotes on conveyancing matters as events may arise during a transaction whereby the estimate will need to be revised.
Below are the hourly rates we currently charge but that does not mean we charge at out that rate and no less.
Partner rate is currently £240-00 inclusive of VAT (Glen Murphy, Sali Williams, Michael Cunnah)
Senior solicitor rate with more than 8 years experience is £240-00 inclusive of VAT ( Hugh Lloyd locum)
Fellow Chartered legal executive £240-00 inclusive of VAT (Lesley Clarke)
Newly Qualified Solicitor £175.20 inclusive of VAT (Brett Butt)
Para legal with more than 8 years experience ( none employed at present )
Para legal with less than 8 years experience ( none employed at present)
Typically therefore as our time recording system divides an hour into ten units we would therefore charge a 30 minute interview or work on a file at 5 units. Letters emails and phone calls that we make are recorded at 1/10th of the hourly rate e.g. £20.00 plus VAT.