Hidden costs ahead?
Burnetts fees include all expected costs relevant to your transaction. Lynette Sharp explains how to avoid hidden costs further down the line if considering various firms for quotes.
When choosing a firm of solicitors to act for you in any Conveyancing process, one of the main factors is cost. Whilst most people also focus on the standard of service on offer and the efficiency of the firm in question, the price quoted to conduct this work can be a decision maker.
Upon contacting solicitors (or Conveyancing firms) people often take a quote as being an all-inclusive figure i.e. everything that the firm will charge you for conducting the transaction. Unfortunately, this is not always the case with some firms electing to disclose hidden costs that you will be asked to pay on top of the quoted fees.
When selling or buying a property there are a number of disbursements that must also be paid. For example, Land Registry and Search fees.
Most firms will provide you with a figure for their costs and the disbursements that they expect to pay out on your behalf. However, there are some operators who will seek to add on fees for checks and services required during a transaction. The checks and services in question are what most firms would consider to be included within the fee quote they provide. Examples of these include charges for: carrying out identification checks, bank transfer fees, completing Land Registry forms and submitting Stamp Duty forms.
Burnetts will not charge you extra for these services simply because we see it as unethical to do so given they are standard points that need to be done as part of any given transaction.
Burnetts fees include all expected costs relevant to your transaction. If you are contacting various firms for comparable quotes, please make sure you ask from the very outset that everything is included within fee quoted so as to ensure you can draw a correct comparison and avoid being subjected to hidden costs further down the line.
If you have any furhter questions about the costs of Conveyancing and hidden costs, please contact me on 01228 552222 or email me here.