Quizzes & Puzzles0 min ago
Solicitors Fees
Hi,
My sister and i jointly own a house. I have bought my sister out and we both went to the same solicitors firm. My solicitor is charging me a % of the valuation as opposed to the purchase price; my sister and I got the house valued so that we could calculate what profit my sister is owed. If the valuation had been 10 times more my solicitor would be still getting a % of that having done the same amount of work! Also I'm told there is less work involved when buying someone out of co-ownership and other people have paid less for a normal purchase ; the norm is that its a % of the purchase price. Not only this , but the solicitor has caused me much grief. What can I do? Many thanks.
My sister and i jointly own a house. I have bought my sister out and we both went to the same solicitors firm. My solicitor is charging me a % of the valuation as opposed to the purchase price; my sister and I got the house valued so that we could calculate what profit my sister is owed. If the valuation had been 10 times more my solicitor would be still getting a % of that having done the same amount of work! Also I'm told there is less work involved when buying someone out of co-ownership and other people have paid less for a normal purchase ; the norm is that its a % of the purchase price. Not only this , but the solicitor has caused me much grief. What can I do? Many thanks.
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The solicitor should have given you an engagement letter when you instructed him. This should have stated the fee basis, and also the complaints procedure you could follow if dissatisfied. If you did not get such a letter its absence is a ground for complaint.
If you did get one check what it says about the fee basis. If it is clear that it would be a % of valuation there is probably nothing you can do. Otherwise, you can go through the firm's complaints procedure and then to the independent solicitors complaints body (look at Law Society website). Alternatively, you can pay some of the fee (I think it is half) and ask for the fee then to be checked independently - again the Law Society site should give info.
Incidentally, I'm surprised that the fee is based on a % anyway - I thought that basis of charging went out years ago as it is so unfair and does not reflect the work involved.
If you did get one check what it says about the fee basis. If it is clear that it would be a % of valuation there is probably nothing you can do. Otherwise, you can go through the firm's complaints procedure and then to the independent solicitors complaints body (look at Law Society website). Alternatively, you can pay some of the fee (I think it is half) and ask for the fee then to be checked independently - again the Law Society site should give info.
Incidentally, I'm surprised that the fee is based on a % anyway - I thought that basis of charging went out years ago as it is so unfair and does not reflect the work involved.
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