Film, Media & TV0 min ago
Rough estimates for conveyancing costs
Hi
Just wondering if there was a general overall figure for conveyancing house purchase/sale? Inclusive of all the searches etc.
I am selling a flat with share of freehold for 190k and purchasing a bungalow for around £240k and definitely less than £250k.
My first quote has come in at nearly £1400 which seems ridiculous to me.
This comprises of
Fees for sale £525 + VAT
Fees for purchase £525 + VAT
Purchase disbursements £190 (what a "disbursement" is I know not)
Property registration £180-£280
would be grateful to hear others views on acceptable costs.
Regards
Just wondering if there was a general overall figure for conveyancing house purchase/sale? Inclusive of all the searches etc.
I am selling a flat with share of freehold for 190k and purchasing a bungalow for around £240k and definitely less than £250k.
My first quote has come in at nearly £1400 which seems ridiculous to me.
This comprises of
Fees for sale £525 + VAT
Fees for purchase £525 + VAT
Purchase disbursements £190 (what a "disbursement" is I know not)
Property registration £180-£280
would be grateful to hear others views on acceptable costs.
Regards
Answers
Shop around as the fees do vary but be careful, ask about the reputation of the firm that you decide to use. It's often cheaper to use solicitor's property shops as they have an all in price for the property sale and conveyancing together.
Be very cautious of conveyancing companies (as opposed to solicitors). I used one because I thought it would be cheaper...
15:12 Mon 10th Jan 2011
Shop around as the fees do vary but be careful, ask about the reputation of the firm that you decide to use. It's often cheaper to use solicitor's property shops as they have an all in price for the property sale and conveyancing together.
Be very cautious of conveyancing companies (as opposed to solicitors). I used one because I thought it would be cheaper but they ended up costing me a lot of money because they sent standard letters to the vendor of the property that we were buying without checking that they were correct. The letters were set up for the usual, purchase dependant on the sale of other property, when in fact it wasn't the case.
When the vendors received this letter they started to market the property again and got a buyer offering more, we had to up our offer to match it!
Be very cautious of conveyancing companies (as opposed to solicitors). I used one because I thought it would be cheaper but they ended up costing me a lot of money because they sent standard letters to the vendor of the property that we were buying without checking that they were correct. The letters were set up for the usual, purchase dependant on the sale of other property, when in fact it wasn't the case.
When the vendors received this letter they started to market the property again and got a buyer offering more, we had to up our offer to match it!
If you go to a High Street solicitor the fees will be similar across the country (I have proven this in the past) - the Law Society allegedly see to that - even in this day and age of competition).
Contact a licensed conveyancer and try there.
Paid £180 plus VAT for the sale of a property at £300k 12 months ago
Contact a licensed conveyancer and try there.
Paid £180 plus VAT for the sale of a property at £300k 12 months ago
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