ChatterBank5 mins ago
Solicitors Fees For Selling A Property
We are selling my mum's house who recently passed away. The solicitor handling the will, on top of their fees of £250 a hour are also charging a percentage of the final sale price, is this normal?
Answers
It may not be so easy as to go elsewhere - if the solicitors are appointed as executors, they have the right to adminster the estate and charge fees. The "value element" is quite common - if a little anachronisti c. (Google Jemma Trust Co v Liptrott - although bear in mind that was a huge estate). If the solicitors are not the executors, the execs can remove the case...
10:46 Mon 05th Sep 2016
Just reread, why are the solicitors selling the house?
Get rid of them and do it yourself. Or Just use a conveyancing service to sell it. £250 and hour AND a % is madness! They will charge you VAT on top of everything as well.
If the solicitors are just dealing with the will why are they expecting % of the house sale?
Looks to me as if the solicitors are just taking advantage of your Mum's death! by hoping you are going to be too upset to take notice of what they are doing!
Get rid of them and do it yourself. Or Just use a conveyancing service to sell it. £250 and hour AND a % is madness! They will charge you VAT on top of everything as well.
If the solicitors are just dealing with the will why are they expecting % of the house sale?
Looks to me as if the solicitors are just taking advantage of your Mum's death! by hoping you are going to be too upset to take notice of what they are doing!
It may not be so easy as to go elsewhere - if the solicitors are appointed as executors, they have the right to adminster the estate and charge fees. The "value element" is quite common - if a little anachronistic. (Google Jemma Trust Co v Liptrott - although bear in mind that was a huge estate).
If the solicitors are not the executors, the execs can remove the case from them and go elsewhere.
If the solicitors are not the executors, the execs can remove the case from them and go elsewhere.