The Council for Licensed Conveyancers (CLC) is seeking views on regulatory fees and fee rates for the licence year beginning 1 November 2025.
While individual practising certificate fees will remain unchanged (having been frozen for over ten years, amounting to a real-terms cut), the CLC proposes to increase practice fee rates by 3% to take account of inflation.
Licence Administration fees are also set to increase by 3%, with a proposed 6% increase in Compensation Fund contributions (made by practices) to take account of increased demands on the fund.
The CLC commented:
“For the licence year 2015-16, the average practice fee rate was 1.25% of turnover. Over the last ten years we have been able to reduce that rate very considerably, and the proposal in this consultation for the licence year 2025-2026 will set the average practice fee rate at just 0.58%, or 58p for every £100 of turnover.”
The CLC said it has been able to reduce the financial burden on practices while maintaining high standards of consumer protection through its managed compliance approach, which it says is ‘highly valued by CLC practices, as is explained by two practices that have moved into CLC regulation’.
The consultation is available to view and complete online until 8th August.
