FIXED FEES FOR A BUSINESS TO BUSINESS DEBT THAT IS UNDISPUTED

These costs apply only where your business 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 an hourly rate if more extensive work is needed.

Details of our hourly rate can be found further below.

If the debt becomes disputed and our hourly rates fall applicable, these are dependent upon the experience of the solicitor, and/or other members of staff, that spend time working on your case. Our hourly rates are detailed below and details of the level of experience of our team can be found by clicking on the link for each member above.

VAT is payable on all of our fees, at the standard rate of 20%. This is applicable save for in circumstances where you are a company registered outside of England and Wales, and you are registered to pay tax outside of England and Wales, when VAT shall not fall payable.

Please note we do not offer Contingency Fee Agreements (i.e. “no win no fee” arrangements) nor do we offer Damages Based Agreements (i.e. an agreement that our fees shall be based upon a specific % of any damages that we recover on your behalf).

Anyone wishing to proceed with a claim should note that:

1. The VAT element of our fee cannot be reclaimed from your debtor;
2. Interest and statutory compensation may take the debt into a higher banding, with a higher cost; and
3. The costs quoted above are not for matters where enforcement action, such as a bailiff, is needed to collect your debt.

 KEY STAGES

The fees set out above cover all of the work in relation to the following key stages of an undisputed debt claim which are as follows:

1. Taking your instructions and reviewing documentation;
2. Undertaking appropriate searches;
3. Sending a letter before action;
4. Receiving payment and sending onto you, when payment is received;
5. If the debt is not paid, drafting and issuing a claim;
6. Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgment in default (i.e. judgement in default of any response from the other side);
7. When Judgment in default in received, write to the other side to request payment;
8. If payment is not received within 14 days, providing you with advice on next steps for enforcement and likely costs.

The fees set out above do not cover the following:

• Our forward work in circumstances where the debt, at any stage, becomes disputed;
• Any enforcement action necessary in respect of enforcing the debt;
• Any disbursements other than court fees (costs related to your matter that are payable to third parties). It is unlikely that any such disbursements would fall payable in an undisputed debt matter. However, in exceptional circumstances disbursements may fall payable. We would discuss any such disbursements with you as soon as we became aware of the nature of the same

HOW LONG WILL MY MATTER TAKE?

Matters usually take between 1 – 6 months from receipt of instructions from you to receipt of payment from the other side, depending on whether it is necessary to issue a claim or whether payment is forthcoming sooner.

The above is on the basis that the other side pays promptly, on receipt of Judgment in default from the court, and presuming that there is no delay in the court issuing your claim.

If enforcement action is needed, or the other side defends or makes an application to set aside the judgement (i.e. for the judgment to be withdrawn), the matter will take longer to resolve.

The timeframe in which your matter is concluded will also depend upon the timeliness of responses from the court which can be affected by their capacity at any given time.

* A note on value added tax (VAT) – All the figures given below include VAT charged at 20% unless specifically stated. However, charging VAT in relation to immigration matters may depend on where you live and what immigration permission you have. We will confirm whether VAT (at a rate of 20%) is payable when you instruct us and we can work out if VAT is properly chargeable.

Hourly rates:

Partner – £250
Paralegal – £150

* Your matter will always be supervised by a partner

Because each immigration issue is different, there is no way to predict exactly how much it will cost to hire an immigration lawyer. However, here at NWL, we are committed to ensuring that there are no hidden costs in the services that we provide.

On average, an application for Leave to Remain will take between 2-3 hours to complete. This means that on average costs are between £300 and £450, if conducted by a Paralegal.

The exact number of hours it will take depends on the circumstances in your case. Such as:

• The amount of supporting evidence that we need to consider
• Which language(s) you speak
• Whether you are applying with other dependants

If you are able to provide sufficient evidence at our first meeting and clearly meet the applicable Immigration Rules, the cost is likely to be at the lower end of this range.

What services are included

The work will involve:

• discussing your circumstances in detail and confirming whether this is the most appropriate application for you to make and what other options may be available to you;
• giving you advice about the requirements of the Immigration Rules and whether you meet the criteria.
• if you do not fulfil certain criteria, whether this can be overcome and how, which on average takes 1 hours;
• considering the supporting evidence you have provided, which we anticipate will take 1 to 2 hours;
• where necessary, helping you obtain further evidence (such as medical records and bank statements), including taking statements of any witnesses;
• preparing your application and submitting it on your behalf, which we anticipate will take 2 hours;
• giving you advice about the outcome of the application and any further steps you need to take.

*the amount of hours depends on the number of documents, whether they need to be translated, whether anything is missing and how long it will take to obtain the missing documents Disbursements (not included in costs set out above):

Disbursements are costs related to your matter that are payable to third parties, such as visa fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

• Interpreters fees vary per hour. This kind of application will normally require between 1-2 hours with an interpreter, depending on the complexity of your case.
• Independent expert reports e.g. medical experts. These are not required in many cases: we will let you know as soon as possible if we consider an expert report is necessary.
• If there is an interview and we do attend with you, there will be additional disbursements in respect of our mileage/travel expenses.

The costs quoted here do not include:

• Any Home Office fees for making the application. You will pay this to the Home Office directly as part of the application process.
• Where the Home Office refuse your application, advice and assistance in relation to any appeal

We cannot guarantee how long the Home Office will take to process your application. Read the current processing times.

We will normally be able to submit this type of application within 2-3 weeks of you instructing us, but we will let you know at the earliest opportunity if it is likely to take longer than this.

Please note the anticipated number of hours and fees are an estimate based on the facts above. All applications are likely to vary and of course, we can give you a more accurate estimate once we have more information about your specific case.

Fee Information: Sale of a Freehold or Leasehold Residential Property

Legal Fees

Our fee for acting on the sale of a residential property will vary depending on the sale price and will be based on the table below.

The fee will cover all of the legal work required to complete the sale of your property.

If at any stage we find that the transaction is more complicated than was represented to us at the outset, such that we need to re-address the level of our fee, we will explain to you the reason for the change.

The amount of work involved in relation to a particular transaction can vary widely, and various issues can arise during the transaction which could turn a straightforward sale transaction into a more complex one.  Examples of such potential complexities might be:

• A defect in the title which affects the buyer’s ability to use the property as intended and/or obtain a mortgage offer or which might affect the future saleable of the property
• A defect in the terms of the lease which need to be rectified
• If there is a lengthy chain of transactions which needs to co-ordinated
• The case becomes urgent

There is a distinction made between the sale of freehold properties and the sale of leasehold properties as there is additional work involved in relation to the sale of leasehold property. By way of examples there may be a requirement for:

• The Landlord’s consent to the sale. An application will need to be made to the Landlord for a Licence to Assign which will need to be entered into between the landlord, the seller and the buyer, or
• a Rent or Service Charge Deposit to be lodged with the landlord, or a Personal Guarantee given, as security for the buyer’s liability for these items.

Both of these items are quite likely in the case of an overseas buyer, and will incur additional costs with the landlord’s solicitors and possibly also with the managing agents.

Our fee for making same day electronic bank transfers is £35 plus VAT for each transfer required

Disbursements

Disbursements are expenses related to your sale which are payable to third parties, such as the Land Registry or Managing Agents. We will handle the payment of disbursements on your behalf to ensure a smoother process. We will require money to be paid to us in advance in order to be able to do this.

We will provide a list of anticipated disbursements at the outset of the transaction. If additional disbursements arise during the course of your sale we will provide the relevant details as soon as they become known to us.

Typical disbursements and other costs arising on a sale

If additional disbursements arise during the course of your purchase we will provide you with the relevant details.

We may request a payment on account at the outset to cover the cost of pre-contract disbursements.

Value Added Tax

VAT, currently chargeable at the rate of 20%, will be added to our fees and several of the disbursements. We will confirm at the outset of the transaction the disbursements we believe will be incurred, and which of those will attract VAT.

How long will the sale take?

This depends upon a number of factors including:-

• The length of the chain of transactions.
• The time it takes for the seller to obtain management information from the managing agents
• The time it takes for the buyer to obtain a mortgage offer
• The time it takes for the buyer to obtain the results of his searches.

On average, the process takes around 8-12 weeks from the date of the acceptance of the offer. However it can be quicker or slower depending on the parties in the chain and the complexity of your purchase.

Stages of the process

The key stages of a sale transaction:

• Obtaining your instructions and giving you initial advice.
• Undertaking regulatory checks including checking your identity
• Submitting draft contract with a copies of your land registry title, the Lease (if applicable) and supporting documentation.
• Preparing the Property Information Form, the Leasehold Information Form and the Fittings and Contents Schedule
• Responding to enquiries raised by the buyer’s solicitor.
• Advising on any mortgage redemption (if applicable)
• Sending the final contract for signature
• Agreeing a completion date with the buyer’s solicitors and yourself.
• Exchanging contracts and notifying you that this has happened.
• Submitting a completion statement with apportionments of ground rent and service charges (if applicable) to your buyer’s solicitors.
• Completing the transaction by receiving all monies from the buyer and distributing those monies, including redeeming your existing mortgages (if any), paying your estate agent and accounting to you for the net proceeds or utilising them in connection with a simultaneous purchase.

Legal Team

The following team members handle all residential property matters:-

• Spyridon Leoussis – 020 7644 9931

(sleoussis@nwlsolicitors.co.uk)

• Salman Bilgrami – 020 7644 9934

(salman@nwlsolicitors.co.uk)

• Jayshree Patel – 020 7644 9930

(jpatel@nwlsolicitors.co.uk)

Fee Information: Purchase of a Freehold or Leasehold Residential Property

Legal Fees

Our fee for acting on the purchase of a residential property will vary depending on the purchase price and will be based on the table below.

The fee will cover all of the legal work required to complete the purchase of your property, including acting in connection with any required mortgage.

If at any stage we find that the transaction is more complicated than was represented to us at the outset, such that we need to re-address the level of our fee, we will explain the reason for the change.

The amount of work involved in relation to a particular transaction can vary widely, and matters can arise during the transaction which could turn a straightforward sale transaction into a more complex one.  Examples of such potential complexities might be:

• A defect in title or a problem with the terms of a title document.  Such defect if not remedied could affect your use of the Property or your ability to obtain a mortgage or the future saleability of the property

• The preparation of additional documents ancillary to the main transaction.

• An issue with regard to the provision of funds or the source of funds

• Indemnity insurance policies may be required to protect against a minor defect in title or absence of planning permission or building regulation approval, which may attract additional time and expense

• If there is a lengthy chain of transactions which needs to be coordinated

• The case becomes urgent

• A requirement for a Lock Out or Exclusivity Agreement

There is a distinction made between the purchase of freehold properties and the purchase of leasehold properties as there is considerably more work involved in relation to the sale of leasehold property. In addition there may be a requirement for:-

• Landlord’s consent for the sale. An application may need to be made to the Landlord for a separate document (a Licence to Assign) which will need to be entered into between the landlord, the seller and the buyer, or

• a Rent or Service Charge Deposit to be lodged with the landlord, or a Personal Guarantee given, as security for the buyer’s liability for these items.

Both of these items are likely to be required in the case of an overseas buyer, and will incur additional costs with the landlord’s solicitors and possibly also with the managing agents.

Our fee for making same day electronic bank transfers is £35 plus VAT for each transfer required

Disbursements

Disbursements are expenses related to your purchase which are payable to third parties, such as the Land Registry or Local Authority. We will handle the payment of the disbursements on your behalf to ensure a smoother process.

We will provide you with a full list of disbursements at the outset.  We set out below the disbursements which are usually incurred when purchasing a residential property:

If additional disbursements arise during the course of your purchase we will provide you with the relevant details.

It is usual for us to request a payment on account of say £500 at the outset to cover the cost of pre-contract disbursements.

Value Added Tax

VAT, currently chargeable at the rate of 20%, will be added to our fees and several of the disbursements. We will confirm at the outset of the transaction the disbursements we believe will be incurred, and which of those will attract VAT.

How long with my purchase take?

This depends upon a number of factors including

• The length of the chain of transactions.

• The time it takes the seller to obtain management information from the managing agents

• The time it takes for you the buyer to obtain a mortgage offer

• The time it takes for you the buyer to obtain the results of the property searches.

On average, the process takes around 8-12 weeks from the date of the acceptance of the offer. However it can be quicker or slower depending on the parties in the chain and the complexity of the transaction.

Stages of the process

The stages involved in the purchase of a residential property vary according to the circumstances. However, we set out below some key stages for most transactions:-

• Obtaining your instructions and giving you initial advice.

• Undertaking checks on your identity and source of funds

• Checking that your finances are in place to fund the purchase and making contact with the lender’s solicitors (if applicable).

• Receiving and advising on contract documentation, including the title documents

• Carrying out necessary searches and advising on the results of those searches

• Obtaining copies of relevant planning and other documentation, if required.

• Raising enquiries (“preliminary enquires”) with the seller’s solicitors about the property.

• Advising on all documents and information received.

• Advising you on joint or shared ownership of the Property (if appropriate).

• Sending the final agreed contract to you for signature.

• Agreeing the completion date with the seller’s solicitors and yourself

• Exchanging contracts and notifying you that this has happened.

• Arranging for all monies needed for the completion to be received from the lender (if applicable) and from you.

• Completing the purchase

• Filing the Stamp Duty Land Tax Return on your behalf and paying the Tax

• Registering you at the Land Registry as the owner of the Property and registering your lender as your mortgagee (if applicable)

• If leasehold, or if otherwise required, giving notice to the landlord of your purchase of the Property and the grant of a mortgage over the Property to your lender (if applicable)

Legal Team

The following team members handle all residential property matters:-

• Spyridon Leoussis – 020 7644 9931

(sleoussis@nwlsolicitors.co.uk)

• Salman Bilgrami – 020 7644 9934

(salman@nwlsolicitors.co.uk)

• Jayshree Patel – 020 7644 9930

(jpatel@nwlsolicitors.co.uk)

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