Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
I think most people are aware of the games Solicitors play to increase income; the most popular one being you send me a letter and I will reply to it, then you reply to my reply keeping the fees rolling upwards, better still if our clients are on Legal Aid no one squeals on us afterwards or complains. Are we robbing the public,? You Bet we are.
I am currently trying to convey two sold small parcels of adjoining land, the fact that it’s got planning permission for housing and a hefty price tag should be immaterial, but immaterial or not its difficult to find a Solicitor who shares my view, one quoted us £1,000 + VAT for the conveyance but when he learnt the sales price he upped this to £7,500, and we said goodbye to him. But here’s the rub: we located another Solicitor, we let the buyers Solicitor know his contact details, then the buyers Solicitor sent him 20 pages of due diligence notes for completion, along with a so called Draft Contract some 28 pages long downloaded from a Solicitors www-Forms and Precedents Handbook.
Our difficulty is: if we reply to these questionnaires we are unwillingly entering into a battle of forms, letters, bogus enquires, and mock questions all dressed up to increase the buyers solicitors fees and indirectly our fees also. My own Solicitors knows what he’s up to, and asked me what did we want to do about it. Our first thoughts were to drop the deal – we are not that bothered about selling the land, but are going with our second choice: for us to request a simple and straightforward “John Doe agrees to sells, and James Brown agrees to buy Agreement to be sent”.
The point being: if we did not know about the intended ‘CON’ being prepared for the buyer and seller – we would be joining the million or so Brits being fleeced each year by greedy money-grubbing Solicitors. The words Due Diligence do look good, but they look even better on a lawyers bank account!
Have you been conned like this, and what are your views on Solicitors phony-baloney letter passing ping-pong game?
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