PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.

Queries Raised in Draft Contract

Hello everyone, I am new here so I do apologise if this has been asked before, I did go back a few pages but couldn't find anything!
My husband and I are in the process of (hopefully) moving, we have a buyer for our home and have just had the mortgage valuation done on the property that we would like to buy. I received an email from our solicitors this afternoon saying that the "fee earner has now fully reviewed the draft contract papers supplied by the sellers solicitors. A number of enquiries have been raised which need to be replied to before we will be in a position to send you the contract for signing."
I was wondering if any of you had had this before or if anyone may have an idea of what these enquiries may be?
Thank you for taking the time to read this! 😊
«1

Comments

  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Enquiries are a standard list of questions about the property, designed to flush out information you'd want to know about.
  • Sandtree
    Sandtree Posts: 10,628 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    They are generally nothing exciting, but its how the paralegal person earns the fee... for us buying a leasehold property the fee earner was asking for copies of correspondence from the managing agent, proof that service charges etc were up to date, questions about notification of any planning permission requests and a host of other things.

    Ours didnt turn up much other than some commentary about a "living wall" construction for a football training ground we back on to... unfortunately the fee earner felt that alone was enough to earn the money and we had to do digging (turned out the original planning permission for the grounds required a living wall to be built which the people didnt do before the council signed up to ownership warts and all so they said they were going to plant some ivy to grow up the chainlink fence as they felt it met the requirements and cheaper than the original proposal
  • @davidmcn @Sandtree thankyou both so much for your replies, that has put my mind at ease - I was starting to think it was something awful haha!
  • princeofpounds
    princeofpounds Posts: 10,396 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I've been on this board for years and never heard the term 'fee earner'... anyone know what that's all about?
  • eddddy
    eddddy Posts: 17,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 3 August 2020 at 10:02PM
    I've been on this board for years and never heard the term 'fee earner'... anyone know what that's all about?

    Not surprisingly, a "fee earner" is somebody whose time is chargeable to the client - so that includes solicitors, trainee solicitors, legal executives, paralegals, conveyancing executives etc.

    It's a term that's frequently used in solicitors firms' quotes etc.
  • greatcrested
    greatcrested Posts: 5,925 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 3 August 2020 at 11:04PM
    In most cases it refers to the fully qualified solicitor even though much of the routine work may be done by a trainee or admin bod. Naturally the fee-earning solicitor's time is charged at rates 3 or 4 times that of the underlin. Or maybe in this case the 'fee-earner' IS the underlin, and the charge will be much lower.
    In most cases, it is immatarial, since most conveyancing contracts these days are on a fixed fee basis, whoever has actually done the work.
    It becomes relevant though if, for example, the sale/purchase falls through. Your final bill in that case is not based on the fixed fee agreed, but on the number of hours spent to date, and the hourly rate of the fee-earner.
  • Flugelhorn
    Flugelhorn Posts: 7,227 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I think there is more of a shock when the buyer's conveyancer doesn't make any enquiries, they seem to do it as a matter of course - they have to find something to justify the fees
  • Sandtree
    Sandtree Posts: 10,628 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    I've been on this board for years and never heard the term 'fee earner'... anyone know what that's all about?
    You could argue its a bit of smoke and mirrors as it somewhat masks who is actually doing the work. The term is literally what it says on the tin... the person in the law firm that is doing the work that earns the fee. In theory it could be a Partner, Associate or some form of paralegal (or even a trainee paralegal) but the blanket term somewhat hides that (though billing would make it clearer) and in practice fee earners tend to be the lower grades and if you are dealing with senior staff they tend to use their grand titles instead.

    People seem to assume that everyone who works in a solicitors firm is a solicitor whereas, particularly in the world of no win, no fee injury law firms, the reality is the majority of the staff are paralegals or people doing their ILEX qualification on the job with oversight from an Associate (though very arms length in some firms)

    PS. not implying its used to defraud people... they will bill the £130/hr for a paralegal, £250/hr for an Associate and £1,200/hr for a Senior Partner etc when the bill comes in, just avoids questions at the time.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    I've been on this board for years and never heard the term 'fee earner'... anyone know what that's all about?
    Bog standard term in the legal industry, and in wider professional services. Anybody whose time is chargeable to clients, rather than the support staff who enable them to charge.
  • I think there is more of a shock when the buyer's conveyancer doesn't make any enquiries, they seem to do it as a matter of course - they have to find something to justify the fees
    Yeah, because if they miss something, nothing's going to happen is it?
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.4K Banking & Borrowing
  • 252.9K Reduce Debt & Boost Income
  • 453.3K Spending & Discounts
  • 243.3K Work, Benefits & Business
  • 597.9K Mortgages, Homes & Bills
  • 176.6K Life & Family
  • 256.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.