Do legal fees apply if a house sale falls through?
My daughter may pull out of a property purchase – will she have to pay her solicitor for work done so far?
Q My daughter is in the process of buying a house, but has not yet exchanged contracts. However, she is thinking of pulling out of the purchase because the surveyor’s report says the property will need a lot of repairs as well as the removal and disposal of asbestos found in the structure of the garage walls. If she does pull out, will she have to pay her solicitor for the work done so far? This is the quote that my daughter received from her solicitor back in October:
Fee in relation to your £330,000 leasehold purchase would be a fixed fee of £1,160 plus VAT plus £75 plus VAT for completion of the Stamp Duty Land Tax Return and a fee of £25 plus VAT per bank transfer that we make. The anticipated costs associated with your purchase would be;
• £30 plus VAT for electronic conveyancing;