All Topics / Legal & Accounting / What would be a reasonable cost for a solicitor to go over and witness mortgage documents

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of abundantone10922abundantone10922
    Participant
    @abundantone10922
    Join Date: 2003
    Post Count: 10

    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.

    Profile photo of Jo_WAJo_WA
    Participant
    @perthhopes
    Join Date: 2014
    Post Count: 2

    We’ve paid $400 on 2 occasions in Perth.

    Profile photo of abundantone10922abundantone10922
    Participant
    @abundantone10922
    Join Date: 2003
    Post Count: 10

    Thanks Jo_WA.

    We received the invoice today and came in at $440, so $400ish must be the going rate.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    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://structuring.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://Terryw.com.au/

    Profile photo of Kate AshmorKate Ashmor
    Participant
    @kateashmor
    Join Date: 2015
    Post Count: 20

    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 Me

    Property Lawyer and Opiner

    Profile photo of abundantone10922abundantone10922
    Participant
    @abundantone10922
    Join Date: 2003
    Post Count: 10
Viewing 6 posts - 1 through 6 (of 6 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.