TURNKEY is offered by Gotelee to limit the impact on your budget if your property sale or purchase does not go according to plan and the deal falls through before exchange of contracts.
For a small fee to set up TURNKEY, you can guard against wasted solicitor’s fees where the other party to the transaction withdraws before contracts are exchanged. You will then be in a position to begin again with a different buyer or seller without being significantly out of pocket from the abortive transaction.
We hope this guide to TURNKEY, prepared by the Property team at Gotelee Solicitors, will help you to understand the benefits of the scheme. It is written in plain English and those legal terms that we cannot avoid using are explained at the bottom of this page.
A premium of £50 (including VAT) for each transaction (ie. £100 for a sale and purchase) covers your solicitor’s fees and VAT up to a total value of £300 per transaction (ie. £600 for a sale and purchase).
A premium of £75 (including VAT) for each transaction (ie. £150 for a sale and purchase) covers your solicitor’s fees and VAT up to a total value of £500 per transaction (ie. £1,000 for a sale and purchase).
A premium of £125 (including VAT) for each transaction (ie. £250 for a sale and purchase) covers your solicitors’ fees and VAT up to a total value of £600 per transaction (ie. £1,200 for a sale and purchase).
TURNKEY will pay your solicitor’s fees and VAT up to the limits set out above.
For the purposes of this Client Guide the following definitions will apply:
Transaction – the term is used to describe the sale or purchase of a property involving one buyer and/or one seller. If the other party to the sale and/or purchase changes, a new transaction is created.
Exchange of contracts – the point at which the parties to the transaction become legally bound to proceed with the sale and/or purchase of a property.
Disbursements – payments made by Gotelee to third parties on your behalf in relation to a transaction. Disbursements related to a property transaction will include, for example, local authority fees for searches, copy planning consents, and Land Registry fees.
Please ask a member of the team for further details of the TurnKey scheme or complete an Enquiry Form.
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"We were very pleased to have Jade as our solicitor, the service was excellent and we felt kept in the loop which minimised stress"
"I have used Tracey Laflin at Gotelee on a number of occasions and in my opinion, she is simply the most efficient conveyancing solicitor I have ever worked with. From the outset, she took the time to understand my specific business requirements and to date, she has exceeded all of my expectations."
- Dale Fiddy - Portobello Developments Ltd
"I don't think this house sale would have pulled together without Jo's determination and expertise. Excellent!"
"Jade Shelton was absolutely fantastic!! Professional and proactive at all times."
"This is by far the go-to firm for any issues. You are made to feel valued from the outset and they are so confident in what they do. Wouldn't recommend any other. Thank you Hugh and Max."
- Ros Jones
"Domini was very fast and efficient in carrying out her work for me - she was also very good at explaining things to me"
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"We found Rachel Dawson outstanding, polite, professional and caring."