When you move home, selling and buying property, you will need to employ the services of a conveyancing solicitor to deal with the legal aspects of the transaction, for which there is a legal fee.
What many home movers don’t realise is that if your transaction falls-through, which happens for many reasons and with increasing frequency, you will still be charged by your conveyancing solicitor for the legal work undertaken up to the point the transaction fell-through.
This means you pay legal fees to your conveyancing solicitor for the transaction that fell-through and then have to pay them again for the legal work on the next transaction, which will hopefully be a successful one that goes smoothly and through to ‘completion’. You essentially pay for your conveyancing twice.
Rightmove reports that nearly 30% of property transactions fall-through*, which is significantly more common than most people realise. Some commentators also believe Brexit negotiation uncertainty and a slower property market may cause this percentage to increase as buyers and sellers become more cautious and risk-averse, making them more likely to pull-out of a deal.
The only way to protect yourself from the risk of paying twice for your conveyancing is to instruct a no sale, no fee conveyancing solicitor.
Holmes & Hills Solicitors is proud to protect its conveyancing clients from paying twice by providing its hugely popular No Sale, No Fee Promise as standard on conveyancing transactions**.
Holmes & Hills’ No Sale, No Fee Promise means that should your property transaction fall-through, whether it be a purchase, a sale, or a sale and purchase, you will not pay any of the legal fee quoted to you. When you then find another buyer for your property, or you find another property to buy yourself, you know you have not wasted any money on legal fees on your first, failed transaction.
Holmes & Hills clients also benefit from the fact that Holmes & Hills' successful completion rate is significantly higher than the average reported by Rightmove. This means your transaction is more likely to complete and less likely to fall-through if you instruct Holmes & Hills, compared to the average conveyancing solicitor.
Get a no sale, no fee conveyancing quote:
Property transactions can fall-through for a wide range of reasons, many of which will be out of your control, making it particularly frustrating when it does occur.
Get a no sale, no fee conveyancing quote from Holmes & Hills Solicitors. With five offices across Essex and Suffolk, these being in Halstead, Braintree, Sudbury, Tiptree and Coggeshall, Holmes & Hills services thousands of home-movers across the region each and every year.
Holmes & Hills’ reputation for providing an excellent conveyancing service means the firm is recommended by a number of national and regional developers to purchasers of their new-build properties. These developers know Holmes & Hills’ conveyancing solicitors work as hard as they can to provide clients a stress-free home-moving experience.
*Rightmove Little Blue Book of property trends 2018/19.
**Holmes & Hills’ No Sale, No Fee Promise covers a maximum of one abortive transaction or two related abortive transactions (sale and purchase) in any given 6 month period, per client. 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); sales of new-build property; additional work agreed (e.g. 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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Holmes & Hills are excited to be hosting a networking breakfast in collaboration with Lambert Chapman. At which Bank Of England Representative Alex Golledge will be giving an exclusive Off the record talk about the UK economy.