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Solicitors in Sudbury launch no sale, no fee conveyancing

Author: Phil Davies Published: 1st February 2017 12:37

 New Build Houses in Sudbury

Solicitors in Sudbury launch no sale, no fee conveyancing

Holmes & Hills Solicitors in Sudbury has announced it will now be offering a No Sale, No Fee Promise* as standard to clients using its conveyancing services.

What is no sale, no fee conveyancing?

No sale, no fee conveyancing means that should your property transaction fall-through (go abortive) then you will not be charged for Holmes & Hills Solicitor’s legal fees associated with the conveyancing.

On average 28% of property transactions go abortive, according to a 2016 survey by consumer group Which?. If your transaction is one of these and your conveyancing solicitor does not offer you a No Sale, No Fee Promise like Holmes & Hills, you will still have to pay your conveyancing solicitor all or part of the legal fee you were quoted by them.

What’s the catch?

With Holmes & Hills’ No Sale, No Fee Promise, there is no catch. There are some minor exclusions which are set out below but other than in those few unique situations, if your property transaction falls-through, you will not pay Holmes & Hills’ conveyancing fee.

How to get a no sale, no fee conveyancing quote?

You can call Holmes & Hills Solicitors in Sudbury on 01787 275275 or visit www.holmes-hills.co.uk/conveyancing

 

Why do property transactions fall-through?

There are a wide range of reasons why property transactions fall-through. More often than not, it is unlikely to be your fault or within your control, making it particularly frustrating when it does happen, especially if you face paying your legal costs still.

Which? reports that approximately 20% of transactions fall-through due to buyers being unable to complete and 61% fall-through because a seller withdraws from the deal. In both of these instances, Holmes & Hills’ No Sale, No Fee Promise* would protect consumers from the need to still pay the legal costs associated with the conveyancing.

In the experience of the conveyancing lawyers at Holmes & Hills Solicitors in Sudbury, buyers and sellers most commonly withdraw from property transactions due to:

·       One of the parties simply changing their mind about selling or buying the property in question. Arguably the most frustrating situation for the other party affected.

·       The parties disagree on an issue and are unable to resolve this.

·       A valuation, survey or search report highlights issues with the value or condition of the property.

·       There is difficulty in completing the onward chain due to one of the parties being unable to find a property to purchase, or move into temporarily (rented) whilst they find something more permanent.

·       A change of circumstances for one of the transaction parties forces them to withdraw from the transaction. Such circumstances can include losing a job, getting a new job or breakdown in a relationship.

·       Undue delays cause one of the parties to lose patience and declare that they are withdrawing.

Is this some form of insurance?

No. Holmes & Hills’ No Sale, No Fee Promise does not involve any form of insurance. If your transaction goes abortive (falls-through) you do not have to file any form or speak to a call centre to organise the claiming back of your money, Holmes & Hills Solicitors will simply not charge you for their legal work.

 

*No Sale, No Fee Promise applies to the first transaction or two related transactions only. No sale, no fee does not apply to auction sales or purchases; new build transactions where a discounted fee has been agreed with the Developer; third party disbursements already paid (e.g. searches); additional work agreed (e.g. a Declaration of Trust). Holmes & Hills reserves the right to refuse to offer the no sale, no fee promise at the point of receiving an instruction.

 

 

 

 

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Comments

JMcGee
At 11:43 on 2nd February 2017, JMcGee commented:
So who pays for the aborted work? It will be the clients whose matters do proceed and complete. Their costs will inevitably rise

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