All Topics / Legal & Accounting / What would be a reasonable cost for a solicitor to go over and witness mortgage documents
Hi all.
We recently had a solicitor go over some mortgage documents with us and also witness the documents. We were there about an hour and fifteen minutes and am wondering (before we receive the invoice) what would be a likely price to pay for such a service? I know, something I should have asked first.
We are in the market for a solicitor on our IP team and personally and to date have used a conveyancer for property purchases. I didn’t particularly ‘click’ with this one, so if anyone has any recommendations, they’d be much appreciated. Prefer within 30 minutes of Parramatta (NSW) if possible.
Thanks.
We’ve paid $400 on 2 occasions in Perth.
Jo_WA
Email MeThanks Jo_WA.
We received the invoice today and came in at $440, so $400ish must be the going rate.
Yes I would charge $550. The solicitor has to go through the agreements paragraph by paragraph and explain to the client so as to cover themselves. There are a few cases where the solicitor ended up in trouble over these.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
If you are an existing conveyancing client, I do this for free.
Terry is spot on: mortgage documents must be carefully explained, especially to whom judges describe as “non-sophisticated clients”.
Kate Ashmor | Ashmor Legal Pty Ltd
http://www.ashmorlegal.com.au
Email MeProperty Lawyer and Opiner
Thanks guys.
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