Affordable Legal Services

Fixed Fee Legal Services &

Affordable Legal Documents

Solicitor Hourly Rates

We offer a wide variety of Fixed Fee services with a set scope of work to ensure we make our services as affordable as possible. 

Say goodbye to overpaying - we charge in 10 minute increments! 

The hourly rates for our team are set out below. These are the rates for attendance and preparation time. The rates exclude VAT (currently 20%) which (if applicable) is payable in addition.

We can offer more bespoke work on either a PAYG or unbundled, and we charge our hourly rates as follows:

Director

Hourly Rate: £350.00 EXC VAT

Senior Solicitor

Hourly Rate: £290 EXC VAT

Paralegal

Hourly Rate: £100 EXC VAT

Case Worker

Hourly Rate: £60 EXC VAT

ILAPROPERTY

Independent Legal Advice - Property

Parachute Law specialise in offering expert Independent Legal Advice for all of your important property transactions and agreements.

Equity Release

Equity release allows individuals aged 55 or over to release equity from their property, without having to make any monthly repayments.

Fixed Fee - £299

Additional Person - £180

Transfer of Equity

The party who is being removed from a legal title requires independent legal services to protect themselves and the transaction from scrutiny in the future.

Fixed Fee - £300

Additional Person - £150

Loan Agreement

The borrower and the lender might agree on their intentions for the loan, but they each have independent interests. The solicitor who drafts your loan agreement will be acting in the interest of their client, whether they are the borrower or the lender. It is best for the other party to instruct their own solicitor, to act in their own interest.

Fixed Fee - £299

Bridging Loan

This loan is a short-term financing solution for instances when you don’t have immediate access to funds, by allowing you to bridge the gap until you can gain access to your funds. As long as you meet the lender's requirements, you can borrow the amount you need.

Fixed Fee - £360

Occupier Waiver Form

Also known as occupier consent form or a deed of postponement, an occupier of a property that is over the age of 16 is required to sign an occupier waiver form and seek independent legal advice.

Fixed Fee - £180

Joint Borrower, Sole Proprietor

Joint Borrower, Sole Proprietor is a type of mortgage where not all parties to the mortgage are legal owners of the property. For guarantors to a mortgage, where they are party to the mortgage terms, but have no benefit from the property and their names are not registered over the legal title.

Fixed Fee - £234
Additional Person - £180

Borrower & Proprietor Mortgage

These are transactions where a borrower who also is a proprietor (legal owner) is taking our a mortgage but the money is being used for something the borrower doesn't benefit from.

Fixed Fee - £299
Additional Person - £180

Sole Borrower, Joint Proprietor Mortgage

Sole Borrower, Joint Proprietor is where one party is taking out a mortgage, but there is more than one party listed on the title. The lender requires the party who isn't on the mortgage, but is living at the property, to get independent legal advice.

Fixed Fee - £299

Occupier Waiver Form - £180

Director's Personal Guarantee

Required by mortgage lenders when a company takes out a mortgage and the directors of the company provide a personal guarantee to repay the debt.

FEE: £299 INC VAT

ADDITIONAL PERSON: £180 INC VAT

Personal Guarantee Insurance

Personal Guarantee Insurance provides cover to Directors of Ltd Companies based in England and Wales who have signed a Personal Guarantee in relation to commercial finance such as a mortgage to buy a property.

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ILAEMPLAOYMENT

Independent Legal Advice - Employment

We provide expert Independent Legal Advice for all of your important employment disputes and agreements.

Settlement Agreement Review

As part of the settlement of a dispute such as an employment claim. The cost of the legal advice to the employee is normally covered by the employer.

Fixed Fee - £360
for employees outside of London

£600 inside the M25.

Verify ID

Verify ID - Cost & Services

We provide everything you need for legal ID Verification and official declarations for your property transactions.

ID1 Form (ID5 Included)

An ID1 form is the document used by solicitors and government bodies, like the Land Registry, to prove the identity of individuals. It is most often used during property transactions to protect against identity fraud.

Fixed Fee - £99

ID2 Form (ID5 Included)

ID2 verification is used to prove the identity of a person for a company or corporate body, often the Director. This is required to carry out a land or property transaction by the company or corporate body. If you need ID verification for an individual, you need an ID1, instead.

Fixed Fee - £150

Form LL Verification

A form LL restriction is one of several land registry standard form restrictions. We can help with verifying your ID for Form LL purposes with the Land Registry.

Fixed Fee - £150 for 1 Owner

Fixed Fee - £200 for 2 Owners

Form LL Restriction Removal

A form LL restriction is one of several land registry standard form restrictions. We can help remove the restriction from the Land Registry for you.

Fixed Fee - £260 for 1 Owner

Fixed Fee - £310 for 2 Owners

Statutory Declarations

Statutory Declaration - Cost & Services

We provide everything you need for legal Statutory Declarations for your property transactions.

Statutory Declaration

A Statutory Declaration Form, also known as a stat dec , is used by a solicitor to document that a person has made an oath that their statement is true.

Fixed Fee - £150

Landlords Statutory Declarations

If the landlord needs to deduct an amount from the deposit to recover costs, they must apply to the Deposit Protection Scheme, giving their reasons for doing so. The landlord is legally required to make a statutory declaration that the information they are giving is true and correct, to protect tenants from corrupt landlords.

Fixed Fee - £150

Statutory Declaration of Solvency

A declaration of solvency is required by a mortgage lender and or a buyer when the owner is gifting their share in a property for zero consideration. The gift means the owner no longer owns the property/asset which has a value.

Fixed Fee - £150

Form PE3: Statutory Declaration - Unpaid Penalty Charge

You can dispute an increased charge and debt using Form PE3: Statutory Declaration - Unpaid Penalty Charge.

Fixed Fee - £150

DEEDSOFTRUST

Deed of Trust

Parachute Law can provide a comprehensive Deed of Trust / Declaration of Trust for any situation involving your property transactions and agreements.

Deed of Trust

A Deed of Trust, also referred to as a Declaration of Trust, is a document, executed as a deed, which specifies how a property is held between joint owners. Our Basic Deed includes a fixed beneficial interest split and can explain what each party contributed to the property, your responsibilities regarding outgoings, and what you agree to do on sale.

Fixed Fee - £299

Floating Deed of Trust

A floating deed of trust allows the co-owners of a property to have a beneficial interest that changes over time by their individual contributions toward:
Purchase price (deposit/current equity split), purchase costs (SDLT, legal fees, etc.), repairs/renovations, mortgage repayments.

Fixed Fee - £399

Joint Borrower Sole Proprietor - Deed of Trust

Created for the Joint Mortgage Sole Proprietor mortgage, this deed confirms a zero beneficial interest for the non-legal owners for Stamp Duty Land Tax purposes and includes how to sell (something a non-legal owner can't do without a deed) and indemnities in the event of the legal owner failing to pay the mortgage.

Fixed Fee - £299

Tenants in Common to Joint Tenancy - Deed of Trust

If you have previously been registered as tenants in common you will need to execute a Deed of Trust in order to register as joint tenants. The deed is required to evidence your intention to sacrifice your individual share, becoming 100% joint owners, with no right to make a claim to any previous benefit. This will ensure that any future transactions are carried out according to your new Joint Tenant status, as opposed to your previous beneficial interest split as Tenants in Common.

Fixed Fee - £260

Declaration of No Interest

Used by legal owners who have someone living in their property or moving into their property over the age of 18 for whom they want to confirm the position that they have no beneficial interest in the property regardless of what they pay toward the property. For example, your friend or partner moves in temporarily and pays towards the household.

Fixed Fee - £240

Buy to Let Partnership LLP - Deed of Trust

You can move your buy to let property into a Limited Liability Partnership using our specially drafted LLP Deed of Trust.

Fixed Fee - £299

Deed of Assignment

A deed of assignment can be used by property owners to assign their beneficial interest to another party; either a legal owner or a non-legal owner. Most commonly the transfer is between husband and wife for tax purposes on a buy to let.

Fixed Fee - £350

RESTRICTIONS

Property Restrictions & Removals

Parachute Law can help with property restrictions, verifications and removals for Form LL, Tenancy, Mortgages & Bankruptcy.

Sever Joint Tenancy

We can sever your joint tenancy and register your property as tenants in common, whether it be for tax purposes or due to a change of personal circumstances. We can also change you from tenants in common to joint tenants..

Fixed Fee - £260

Form LL Verification

A form LL restriction is one of several land registry standard form restrictions. We can help with verifying your ID for Form LL purposes with the Land Registry.

Fixed Fee - £150 for 1 Owner

Fixed Fee - £200 for 2 Owners

Form LL Registration

A form LL restriction is one of several land registry standard form restrictions. We can help with the registration for one or more proprietors.

Fixed Fee - £150 for 1 Owner

Fixed Fee - £150 + £50 for 2 Owners

Form LL Restriction Removal

A form LL restriction is one of several land registry standard form restrictions. We can help remove the restriction from the Land Registry for you.

Fixed Fee - £260 for 1 Owner

Fixed Fee - £310 for 2 Owners

Mortgage Restriction Removal

Mortgage restrictions are applied so that you cannot make any disposition without the consent of your mortgage lender. This restriction on your property could be absolute, blocking any disposition until it is removed. Any restrictions will appear in Section B of the title deed.
 

Fixed Fee - £260

Bankruptcy Restriction Order Removal

If you are made bankrupt, you may lose your home. This is a frightening prospect to face and can feel overwhelming. We can review the Land Registry Restriction. We will also draft a letter to your lender including your supporting documents requesting them to remove the restriction.

Fixed Fee - £240
PLOANS

Property Loans & Agreements

Parachute Law can provide security and peace of mind with professional legal documents and advice for your property loans and agreements.

Loan Agreement

We draft loan agreements that can be secured over property or unsecured. The loans are most commonly used for the purchase of a property. For example, parents investing money into their children's home and they want to get the money back at a future date.

Fixed Fee - £399

Loan Agreement

The borrower and the lender might agree on their intentions for the loan, but they each have independent interests. The solicitor who drafts your loan agreement will be acting in the interest of their client, whether they are the borrower or the lender. It is best for the other party to instruct their own solicitor, to act in their own interest.

Fixed Fee - £299

Register Loan Agreement

We can register the agreement against the borrower's property for you. If there is already a first charge, such as a mortgage, then make sure to get lender consent to the second charge before instructing this service.

Fixed Fee - £260

Cohabitation Agreement

A cohabitation agreement (aka living together agreement) is more comprehensive and can be tailored more to cover more than a deed of trust. It can also apply to property that you rent together.

Fixed Fee - £1,200

Equity Release

Equity release allows individuals aged 55 or over to release equity from their property, without having to make any monthly repayments.

Fixed Fee - £299

Additional Person - £180

Bridging Loan

This loan is a short-term financing solution for instances when you don’t have immediate access to funds, by allowing you to bridge the gap until you can gain access to your funds. As long as you meet the lender's requirements, you can borrow the amount you need.

Fixed Fee - £360

PDISPUTES

Property Disputes

Parachute Law specialise in dealing with property disputes, claims and litigation.

Property Disputes Free Consultation

We offer a free 10-minute conversation with a trained member of our property dispute team. They will assess your case based on your call and evidence provided and confirm if this is a case that we can help with.

Free Consultation

Property Dispute Initial Review

Further to your free consultation, if we can help, you can book and pay for a 20-minute meeting with our solicitor to discuss your options and what you can do next. .

Fixed Fee - £195

Property Misrepresentation Claims

A property misrepresentation claim typically refers to a legal action taken by a party who believes they have been misled or deceived about certain aspects of a property during a transaction, such as buying, selling, or leasing. Misrepresentation can occur in various forms, including false statements, omissions of important information, or misleading descriptions about the property's condition, features, or history.

Free Consultation: 10-minute call with our solicitors

Fixed Fee Review: £195

BUYSELL

Buying & Selling Property

Parachute Law can provide a comprehensive legal services involving your property transactions and agreements.

Transfer of Equity - Independent Legal Advice

The party who is being removed from a legal title requires independent legal services to protect themselves and the transaction from scrutiny in the future.

Fixed Fee - £300

Additional Person - £150

Auction Legal Pack Review

If you are looking into buying a property at auction you are probably familiar with the perks already. It is important that you are aware, too, of the risks, as you are contractually bound to complete the purchase if you win the bid, unlike standard conveyancing.

Before the auction itself the auction house will provide a legal pack for the property. Unfortunately these can often be insufficient, especially when the sale is due to repossession as the seller didn't own or live in the property.

Our qualified solicitors can review your auction pack and send a report with their findings.

Fixed Fee - £299 - Freehold

Fixed Fee - £480 - Leasehold

Auction Pack Searches

Auction packs often don't include all of the property searches you need to make an informed decision into the property you are buying. We can help order these for you and some are returned within 24 hours.

Fixed Fee Searches

Equity Release

Equity release allows individuals aged 55 or over to release equity from their property, without having to make any monthly repayments.

Fixed Fee - £299

Additional Person - £180

Joint Borrower, Sole Proprietor

Joint Borrower, Sole Proprietor is a type of mortgage where not all parties to the mortgage are legal owners of the property. For guarantors to a mortgage, where they are party to the mortgage terms, but have no benefit from the property and their names are not registered over the legal title.

Fixed Fee - £234
Additional Person - £180

Borrower & Proprietor Mortgage

These are transactions where a borrower who also is a proprietor (legal owner) is taking our a mortgage but the money is being used for something the borrower doesn't benefit from.

Fixed Fee - £299
Additional Person - £180

Sole Borrower, Joint Proprietor Mortgage

Sole Borrower, Joint Proprietor is where one party is taking out a mortgage, but there is more than one party listed on the title. The lender requires the party who isn't on the mortgage, but is living at the property, to get independent legal advice.

Fixed Fee - £299

Occupier Waiver Form - £180

EMPLOYMENT

Employment Legal Services

Parachute Law specialise in Employment Law, dispute resolution, independent legal advice, consultation and documents.

Settlement Agreement Review

As part of the settlement of a dispute such as an employment claim. The cost of the legal advice to the employee is normally covered by the employer.

Fixed Fee - £360
for employees outside of London

£600 inside the M25.

Settlement Agreement

A contract settlement, or settlement agreement, is a legally binding contract where you and your employer agree to a mutually acceptable resolution to a dispute. They can provide a clean break to a working relationship which has broken down, or simply save the time and stress of taking a dispute all the way through litigation.

Fixed Fee - £1,200

Employment Dispute Consultation

Arrange an initial consultation regarding your employment dispute. This service includes the first hour of document review and an hour's consultation via video call. Your solicitor will give an estimate of costings for your best path forward.

Fixed Fee - £300

BUSINESS

Business Legal Services

Parachute Law provide professional Business Legal Services, dispute resolution, independent legal advice, consultation and documents.

Shareholders Agreement

A shareholders' agreement is a contract between the shareholders of a company. Often the agreement will apply to all shareholders, but it can also relate only to specific shareholders, for example those who hold a certain type of share.

Fixed Fee - £2,500

Commercial Loan Agreement

If you are director of a company lending money commercially. A Commercial Loan Agreement can be defined as a legally binding contract entered into between a lender, generally a bank, and a borrower, detailing all aspects and features of the monetary transfer involved in the commercial loan process.

Fixed Fee - £599

DEEDSOFTRUST

Additional Services

We offer a wide variety of additional services alongside our Fixed Fee work which include:

Royal Mail Special Delivery Guaranteed by 1pm

Our fee includes the Royal Mail cost and our time to send your documents to you using Royal Mail.

Read more about the terms of this service.

Fixed Fee - £24

Royal Mail Special Delivery Guaranteed by 9am

Our fee includes the Royal Mail cost and our time to send your documents to you using Royal Mail. 

Read more about the terms of this service.

Fixed Fee - £40

Negotiate Director Guarantee Mortgage Lender Terms

Our fee includes:

  • writing to your mortgage lender with our suggestions to vary their standard terms;
  • chase the lender for a response (maximum of 3 times by letter/email); and where applicable
  • where the mortgage lender responds, we will report to you on the lender's response and the impact it has on you.

We do not guarantee the lender will respond or change their terms.

Fixed Fee - £240

Prepare a duplicate set of original certificates

If documents are lost/delayed in the post, our solicitor will:

  • print and sign a duplicate set of certificate/s; and
  • send Royal Mail Special Delivery Guaranteed by 1pm

This service is only available to client whom a witnessed signature is not required. If this is the case, then you need to book another meeting for a further fee.

Fixed Fee - £74

If you require additional solicitor time, or have been instructed to do so by your solicitor, contact us to purchase Pay-As-You-Go unbundled legal services, starting from £300 INC VAT.
 
Terms and Conditions apply.