Some time ago I purchased property off plan in Costa del Sol through lawyers recommended to me by my estate agent. I was advised that their legal fee would be 1% in total – 0.5% on private contract and 0.5% on completion/resale.
They have now announced that ine the case of a resale their fees are 1% of the purchase price and 1% of the resale price which is exhorbitant. I have the original e-mail from them advising me the amount owing to complete the private contract. This includes “50% legal fees” which amounts to 0.5% of the purchase price.
In addition if I cancel the contract, they are going to charge me 0.5%, this makes no sense!
Can anybody advise me what I can do about this situation?
Is there a lawyers regulatory authority??