Cost

The following costs apply where we are instructed to seek payment of a debt/ money judgment only.

Before accepting any instructions we will carry out a review of the Lease/Transfer to ascertain whether costs are recoverable contractually from the debtor. Where those costs are recoverable we will accept the instruction on the basis the landlord enters into a Conditional Fee Agreement with us. The essence of the CFA is set out below:

  1. The firm will only charge costs which are recoverable under any judgment or order;
  2. The firm will try and enter into a conditional fee agreement with counsel should one be required. In any event, no costs will be payable by you for counsel’s fees;
  3. You will only be responsible for paying a court issue fee;
  4. You must co-operate with us fully and accept our advice for this agreement to be “no win no fee”;
  5. You may terminate this agreement at any time but if you do, you will be responsible for paying our base costs and any disbursements incurred

It is important before signing the agreement you read its content entirely.

 

Pre-issuing of proceedings

Following our review, a letter will be sent to the debtor in accordance with the Pre-Action Protocol for Debt Claims. This protocol affords the debtor 30 days to respond.

Costs
Our standard fixed fee for taking your instructions and drafting a pre-action protocol letter is £200.00*.
Our likely disbursements are as follows:
Office Copy Entry £25.00* plus £3.00 (not subject to VAT)
Lease / Transfer £25.00* plus £3.00 (not subject to VAT)

 

Issuing a claim

In the event payment isn’t made by the debtor following our pre-action protocol letter and your instructions are to issue proceedings in the County Court our team of paralegals, overseen by our service charge and ground rent recoveries managers, will prepare the necessary documentation to instigate legal proceedings.

Costs
Our standard fixed fee for reviewing the matter and drafting the necessary documentation is £700.00*.
In order for a claim to be issued the Court will require us to pay a Court Fee, which will be requested from you. Those fees at present are set out below:

Value of Claim Court Fee
More than £300 but not more than £500 £50.00
More than £500 but not more than £1000 £70.00
More than £1000 but not more than £1500 £80.00
More than £1500 but not more than £3000 £115.00
More than £3000 but not more than £5000 £205.00
More than £5000 but not more than £10000 £455.00
More than £10,000 but not more than £200,000 5% of the value of Claim
More than £200,000 £10,000.00

 

 Our fee includes:

  • Taking your instructions and reviewing documentation
  • Undertaking appropriate searches
  • Drafting and issuing claim form and particulars of claim
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default
  • When Judgement in default in received and if payment is not received providing you with advice on next steps and likely costs.

Court matters can usually take up to 8 weeks from proceedings being issues to a judgment being obtained.

 

Defended or complex matters

In the event the case become defended the matter is referred to our defended and complex team. Costs are incurred at an hourly rate as set out in the below table:

Grade A: Directors or solicitors with over 8 years’ experience £250.00*
Grade B: solicitors with over 4 years’ experience £177.00*
Grade C: Solicitors with under 4 years’ experience £150.00* - £175.00*
Grade D: Trainee solicitors or paralegals £110.00* - £150.00*


An estimate of the costs will be provided from the outset and at regular intervals. The average cost of a small claims defended claim is between £2,500.00 - £6,000.00.
Further disbursements will be payable to the Court:

Court hearing fee: £55.00 - £1,090.00
Counsel fees: Variable but usually range from £100 - £3,000*


* All costs are exclusive of VAT.