Our fees* are based on hourly rates and the time that we think the sale, purchase, mortgage or re-mortgage will take. If more time is taken, or if unforeseen complexities arise we will have to revise our fee but we will notify you when we do.
The time we think the matter will take is based on a simple and straightforward matter with what we consider to be the normal amount of contact. Except where set out below, our fee covers the work from start to the end including exchange, completion, and where relevant, redeeming a mortgage, dealing with a mortgage on a purchase and the preparation of the Stamp Duty Land Tax form.
Examples of when we may have to revise our fee estimate is if work is required which we were not aware of at the time of instructing us.
Some transactions require additional work as set out on our list of additional fees and clients charged the amount set out.
* Our fee assumes that:
It is difficult to say how long a transaction will take as it will depend on a number of factors including the number of parties in a chain. You should expect a freehold sale or purchase to take four weeks to the point of exchange of contracts and a leasehold purchase or sale six weeks. It can be quicker and can be much longer. Most people complete a week after exchange of contracts but it can be a shorter or longer time.