Pay solicitor for conveyance by completion day?

Discussion in 'UK Finance' started by Zak, Nov 23, 2004.

  1. Zak

    Zak Guest

    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?
     
    Zak, Nov 23, 2004
    #1
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  2. Zak

    Daytona Guest

    Yes. No pay, no completion. Simple init ?

    Daytona
     
    Daytona, Nov 23, 2004
    #2
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  3. Zak

    Tim Guest

    Ask him for the breakdown straightaway - if you think you might want to
    "discuss" some items with him before payment!
     
    Tim, Nov 23, 2004
    #3
  4. Zak

    Jon S Green Guest

    Yep. If you're selling, they usually deduct their costs (and the Estate
    Agent's selling fees) from the proceeds before forwarding the residue.
    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
     
    Jon S Green, Nov 23, 2004
    #4
  5. Zak

    crofter Guest

    x-no-archive: yes

    i thought fees etc were paid ON completion day?
     
    crofter, Nov 24, 2004
    #5
  6. 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.
     
    Richard Miller, Nov 24, 2004
    #6
  7. Zak

    Mirumo Guest


    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.
     
    Mirumo, Nov 29, 2004
    #7
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