Watch out for Misleading Conveyancing Quotes!
Always get a full conveyancing quote when you decide to buy or sell a house or flat – and don’t be fobbed off with a misleading “headline” figure.
A good example of this is provided by an outfit called Move With Us, who unfortunately operate through some York agents and solicitors, but not Guest Walker and Co.
They supply an impressively simple figure that includes VAT and “standard disbursements” but doesn’t mention, among other things, that if you have a mortgage on the property that you’re selling there’ll be an additional charge of £138 and that if you’re buying with a mortgage as well there’ll be another £138 to pay. This is hidden away in the depths of the small print of a document called “Additional Information”, which also tells you- if you look very carefully indeed – that if you’re buying you’ll also have to pay an extra £90 for having a Stamp Duty Land Tax form completed on your behalf.
This kind of thing has been heavily criticised by the Legal Ombudsman and the Advertising Standards Authority and we are looking at ways in which we can help to ensure that it’s stopped before too many more people are misled and ripped-off.you – if you look very carefully indeed – that if you’re buying you’ll also have to pay an extra £90 for having a Stamp Duty Land Tax form completed on your behalf. The end result is that on a standard sale and purchase transaction with mortgages included you’ll end up paying a total of an extra £366 that isn’t mentioned in the headline quote!