CHARGEABLE RATES
LITIGATION MATRIMONIAL INSOLVENCY
Partner £350 – £500 £400 – £500 £350 – £500
Associate Solicitor £250 – £300 £250 – £300 £250 – £300
Assistant Solicitor £200 £200 £200
Trainee Solicitor £150 £150 £150
Figures stipulated above are exclusive of VAT
Chargeable rates may vary depending on complexity, value and urgency of instruction

In contentious matters, our charges are based on the time we spend dealing with a case. Time spent on your matter will include meetings with you and perhaps others, any time spent travelling, considering, preparing and working on papers, correspondence and making and receiving telephone calls. It is not only good practice but also a professional obligation to keep you fully informed, in writing, as to the progress of your matter on a regular basis.

Our charging rate in this matter will be an hourly rate + VAT, depending on the fee-earner acting. This takes into account a number of factors which include the complexity of the issues, the expertise or specialist knowledge that the case requires and on the basis of the information currently available. The rates may be higher if, for example, the matter becomes more complex or urgent than expected in which event we will notify you. In the event of a charging rate per hour, routine letters that we write and routine telephone calls that we make and receive will be charged as units of one tenth of an hour (6 minute units). Routine letters received are not charged for. Other letters and calls will be charged on a time basis, calculated in 6 minute units. Routine letters that we write and routine telephone calls that we make and receive will be charged as units of one tenth of an hour (6 minute units). Routine letters received are not charged for. Other letters and calls will be charged on a time basis, calculated in 6 minute units. Generally, hours worked outside normal office hours are charged at the same rate but in the event that we are obliged to work regularly outside office hours, we reserve the right to increase the level of the hourly rate. However, you will be notified in advance of any such intention.

In litigation matters, the amount of our costs which you will have to pay may be greater than the amount you can recover from another party to the case.

We will add Value Added Tax to our charges at the rate that applies when the work is done. The present Value Added Tax is 20%. In addition, all out of pocket expenses including in particular fares and telephones will be charged and other expenses which we are likely to pay.

Details of other expenses which you are likely to have to pay, when they are likely to become due and an estimate of their costs will be given to you by the person in charge of your case as soon as possible.

Generally in contentious matters it is often hard, in the first instance, to provide a sensible estimate of the likely overall costs. Nevertheless we try where possible to give estimates for the overall costs of the matter concerned and more particularly, we will endeavour to give you estimates for each stage of the matter as it proceeds.

You may set a limit on the charges and expenses to be incurred which means that you will be responsible for paying those charges up to the agreed limit without our having to refer back to you. In such an event, we will inform you as soon as it appears that the limit may be exceeded. Please bear in mind, however, that in such situations your instructions may be needed urgently so as to avoid a delay in dealing with your matter which can, in some circumstances, result in orders for costs being made against you.

NOTE, an estimate is not intended to be a fixed or guaranteed figure. It represents our view of the likely cost up to a particular stage or point in time and it will usually be on the basis that the matter proceeds smoothly.

It is normal practice to ask clients to pay sums of money from time to time on account of charges and expenses which are expected in the following weeks or months. We may request further payments on account as the matter progresses. When we put these payments towards your bill, we will send you a receipted bill. We will off-set any such payments against your next bill but it is important that you understand that your total charges and expenses may be greater than any advance payments.

To help you budget in matters charged out on an hourly rate, we will send you a bill for our charges and expenses on a regular basis.

SBP LAW RESIDENTIAL CONVEYANCING FEE SCALE 202

 

PURCHASE PRICE

 

FEES

 

ADDITIONAL COSTS & DISBURSEMENTS

Up to £350,000.00 £1,250.00 Stamp Duty: *
£350,000.00 to £500,000.00 £1,500.00 Land Registry Fees: **
£500,000.00 to £875,000.00 £1,750.00 Searches: £250 +
£875,000.00 to £1,000,000.00 0.20% Mortgage lenders fees: £295
£1,000,000.00 to £2,000,000.00 0.175% Completion & submission of SDLT form: £100
£2,000,000.00 and above 0.15% Miscellaneous HMLR searches: £5.00 +
Bank Transfer Fees: £30.00
 

SALE PRICE

 

FEES

 

ADDITIONAL COSTS & DISBURSMENTS

Up to £350,000.00 £1,250.00 Estate Agents Fees: As agreed by you
£350,000.00 to £500,000.00 £1,500.00 Leasehold Sale Pack (if applicable): varies
£500,000.00 to £875,000.00 £1,750.00 Mortgage discharge Fees (if applicable):
£875,000.00 to £1,000,000.00 0.20% Bank Transfer Fees: £30.00
£1,000,000.00 to £2,000,000.00 0.175%
£2,000,000.00 and above 0.15%
 

REMORTGAGES & TRANSFERS

 

FEES

ADDITIONAL COSTS & DISBURSEMENTS
Up to £350,000.00 £850.00 Stamp Duty (if applicable): *
£350,000.00 to £500,000.00 £1,000.00 Land Registry Fees: **
£500,000.00 to £800,000.00 £1,250.00 No search indemnity insurance: ***
£800,000.00 to £1,000,000.00 £1,500.00 Mortgage lenders fees: £295
£1,000,000.00 to £2,000,000.00 £1,750.00 Official copy title documents: £3.00 +
£2,000,000.00 and above £2,000.00
 

MORTGAGE LENDERS FEES

 

FEES

 
Lender only representation £750.00
As part of purchase £295.00
Dealing with discharge on sales £125.00

* As per HMRC published rates

** As per Land Registry published fee scale

*** Indemnity Insurance based on loan amount

NB:

(i)         If Leasehold properties please expect additional costs which will vary from lease to lease.

(ii)        Fees in respect of non-standard transactions i.e. refinancing; expedited services and all commercial transactions will fall outside our standard fee quote and will be provided upon request.

(iii)       All legal costs are subject to VAT at the current rate of 20%

LAND REGISTRY 2021 PUBLISHED FEES

Scale 1 fees – New Purchases/New Leases

Value or amount Apply by post Apply using the portal for transfers which affect whole registered titles Apply using the portal for registration of leases and transfers which affect part of a registered title Voluntary first registration (reduced fee)
0 to £80,000 £40 £20 £40 £30
£80,001 to £100,000 £80 £40 £80 £60
£100,001 to £200,000 £190 £95 £190 £140
£200,001 to £500,000 £270 £135 £270 £200
£500,001 to £1,000,000 £540 £270 £540 £400
£1,000,001 and over £910 £455 £910 £680

Scale 2 fees

Value or amount Apply by post Apply using the portal for transfers of whole, charges of whole, transfers of charges and other applications of whole of registered titles Apply using the portal for registration of transfers of part, and all other Scale 2 applications that do not affect the whole of a registered title
0 to £100,000 £40 £20 £40
£100,001 to £200,000 £60 £30 £60
£200,001 to £500,000 £80 £40 £80
£500,001 to £1,000,000 £120 £60 £120
£1,000,001 and over £250 £125 £250

Residential property rates

You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property, for example a house or flat. SDLT only applies to properties over a certain value. The amount you pay depends on when you bought the property and how much you paid for it.

Rates from 1 July 2021 to 30 September 2021

You can also use this table to work out the SDLT for the purchase price of a lease (the ‘lease premium’).

Property or lease premium or transfer value SDLT rate
Up to £250,000 Zero
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%

Rates from 1 October 2021

These rates also apply if you bought a property before 8 July 2020. You can also use this table to work out the SDLT for the purchase price of a lease (the ‘lease premium’).

Property or lease premium or transfer value SDLT rate
Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £250,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%

If you’re buying your first home

You can claim a discount (relief) if you buy your first home before 8 July 2020 or from 1 July 2021. This means you’ll pay:

  • no SDLT up to £300,000
  • 5% SDLT on the portion from £300,001 to £500,000

You’re eligible if you and anyone else you’re buying with are first-time buyers.

If the price is over £500,000, you follow the rules for people who’ve bought a home before.

Higher rates for additional properties

You’ll usually have to pay 3% on top of SDLT rates if buying a new residential property means you’ll own more than one. If you’re replacing your main residence, you will not pay the extra 3% SDLT if the property you’re buying is replacing your main residence and that has already been sold.

If you have not sold your main residence on the day you complete your new purchase you’ll have to pay higher rates. This is because you own 2 properties.

Rates if you’re not a UK resident

If you’re not present in the UK for at least 183 days (6 months) during the 12 months before your purchase you are ‘not a UK resident’ for the purposes of SDLT and you will usually pay a 2% surcharge if you’re buying a residential property in England or Northern Ireland on or after 1 April 2021.

Commercial conveyancing is dealt with by separate negotiation