To put it simply, our no completion, no fee service means that if the sale or purchase of a property falls through then you will not have to pay any upfront fees.
Whether you are selling or buying a property, things sometimes don’t go to plan and sadly there is no guarantee that the transaction will be finalised.
A transaction can end at any time and for whatever reason – maybe you have changed your mind or want to buy a different property, maybe the mortgage offer won’t go through or structural problems that you can’t restore were found in the property. Some other reasons for a sale to fail are:
- Issues with finances, such as not having the necessary deposit or being declined for a mortgage.
- As mentioned above, a bad survey result that indicates that the property needs expensive repair work.
- A break in the property chain.
- If a seller accepts a higher offer for their property.
- If a buyer lowers their offer at the last minute.
What are the benefits?
The most important benefit of our no completion, no fee service is your protection from the expenses of a failed purchase or sale.
This service gives you the confidence you need to continue with the process without stressing every step of the way, knowing that you won’t have to pay upfront legal fees if your transaction breaks down.
What costs could be included?
Should you use our no completion, no fee offer, we will not charge for our service if your deal falls through.
External costs such as searches, surveying, third party disbursements, and disbursements up to £300 (depending on the costs for searches in the location the property is situated) would still have to be paid but you will receive no bill for our fees.
Please view all our conveyancing prices here.
Thousands of property sales fail yearly so for piece of mind we offer a no completion, no fee service as a sort of insurance policy. This is especially useful in the current financial climate where house sales and moving chains fall through on a more frequent basis.
Our service works to protect you – the buyer or seller- from having to pay any fixed legal fees in the case your transaction fails. If you want to learn more about our no completion, no fee service, please get in touch.