Pay solicitor for conveyance by completion day?


Z

Zak

I am having some coveyancing work done to buy a flat.

The solicitor has added his fees plus his costs to the purchase price
and he wants all the money by the day of completion (next Tuesday).

Is it normal to pay him his fees & costs by completion day?

Thank you for any information


Zak

--------------------------------
By way of background ... I was quoted a fixed price. As I am living
in the flat I told him not to bother with local searches nor did he
have any mortgage related work as I didn't end up taking out a
mortgage.

On the other hand, the solicitor has had to do some unexpected work
to vary the lease.

At present his bill is just a single line in a document called
"Completion Statement" which he gave me yesterday. On the phone
today, he says I will get a breakdown of his fees on completion day.
Do I have to wait until then?
 
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T

Tim

At present his bill is just a single line in a document called
"Completion Statement" which he gave me yesterday.
On the phone today, he says I will get a breakdown of
his fees on completion day. Do I have to wait until then?
Ask him for the breakdown straightaway - if you think you might want to
"discuss" some items with him before payment!
 
J

Jon S Green

Zak said:
I am having some coveyancing work done to buy a flat.

The solicitor has added his fees plus his costs to the purchase price
and he wants all the money by the day of completion (next Tuesday).

Is it normal to pay him his fees & costs by completion day?
Yep. If you're selling, they usually deduct their costs (and the Estate
Agent's selling fees) from the proceeds before forwarding the residue.
At present his bill is just a single line in a document called
"Completion Statement" which he gave me yesterday. On the phone
today, he says I will get a breakdown of his fees on completion day.
Do I have to wait until then?
Not at all; since they've a figure in mind, there's absolutely no reason
not to require of them a full breakdown of fees prior to completion, and
expect them to provide it. Otherwise, it's a pig-in-a-poke.

Jon
 
C

crofter

x-no-archive: yes

i thought fees etc were paid ON completion day?
 
R

Richard Miller

crofter said:
x-no-archive: yes

i thought fees etc were paid ON completion day?
Absolutely not. If the solicitor does not have *cleared funds* on
completion day, then in cases where money has to be paid to third
parties, completion CANNOT happen because it would be a breach of the
solicitors' accounts rules.
 
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M

Mirumo

Yes. No pay, no completion. Simple init ?

Seems that the law society rules are that you do not need to pay him
by completion day and that he cannot refuse to proceed with the
conveyance if his feels are the only matter outstanding.

Hope that helps you.
 

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