Terms and Conditions
Quotations
Are applicable to properties in England and Wales.
Are prepared as accurately as possible dependent on the information provided to us by you.
Are open for acceptance for 30 days from the date of the first issue.
Cannot anticipate inevitable changes to disbursements, such as an increase in Stamp Duty Land Tax or Land Registry fees, between the quote and the completion date.
Are subject to acceptance and review by the assigned Conveyancer/Solicitor.
If new information arises that requires a change to the quoted fees or disbursements:
– The client will be informed of additional costs by the Conveyancer or The Company, along with the reasons.
– The client may, within 14 days of such notice, cancel the instruction by providing written notice to The Company; otherwise, the revised costs shall be deemed accepted.
Your quote includes a Fixed fee element. When quoting, we make assumptions based on the information provided at that time. There is a possibility that additional costs may arise if your property requires more complex work.
If there are changes to the fees, the Conveyancer will notify you, and we request a response within 7 days.
Searches
Since predicting the nature and extent of required searches is uncertain we order the following searches which is normally the minimum requirement of a mortgage lender and for any conveyancer to advise as best as they can on the property, these searches include a local authority search, water & drainage search and environmental search is included in the quotation.
Additional searches will result in extra charges not covered by the quote.
Payments
– A non-refundable but transferable fee of £450 plus VAT is required on all transactions.
– £80 inc vat Biometric ID/AML Check.
– Charges for further related work and support based on the transaction’s nature and instructions received.
The balance of fees and disbursements listed in the quote will be payable to the Conveyancer:
– A small upfront payment may be requested by the appointed conveyancing firm.
– A final payment is due before completion.
There will typically be up to 4 payments:
1. Initial payment for early process expenses.
2. Payment for searches.
3. Upfront payment to the conveyancer (if necessary).
4. Final settlement to the conveyancer.
Cancellations and Refunds
– If a client cancels a conveyancing instruction within 14 days, the client is entitled to a refund of the Initial Payment (including the non-refundable File Opening Fee of £450+vat however should the ID & AML check be completed then this will not be refunded).
– If a client cancels after 14 days, no refund is available, but the client may retain the balance of the Initial Payment as credit for 3 years months toward a future transaction.
– If a conveyancing transaction is cancelled before exchange or completion, legal fees payable to the Conveyancer as per quote provided will be due.
The Company may terminate an instruction if a client abuses or threatens staff or any other discretionary reason. Refund determination, if any, will be made by The Company.
Monies paid for searches are non-refundable as they are specific to the property.
Any refund paid by The Company to clients will be in full and final settlement of all claims.
Additional Fees
The Company is not liable for additional fees or charges incurred by the client. The liability of The Company shall not exceed the Initial Payment paid by the client.
While we strive for accuracy, mistakes may occur. If additional costs arise due to our error, you have the right to cancel, but we cannot cover the costs for you.
Client balances to include but not limited to monies held on accounts for mortgage redemptions, estate agents’ fees, stamp duty payments & Land Registry fee’s paid directly to your conveyancer and due to be paid out by your conveyancer will be the reasonability of the instructed law firm. Assured Conveyancing cannot be liable for any sums owed to any third parties or directly to the client.
