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Solicitors fees!?!!!?!?!?
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Its now come down by £105 as the Local search and chancel search don't need doing because of the HIP.0
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peterc2609 wrote: »I have gone with the solicitor who the EA recommended, and told me it wouldn't be more than £600.
When you say "gone with" have you actually instructed? Did you not get a quote before doing so? Don't trust the EA on these things.
Quote sounds about right to me. If in doubt, phone a couple of others in the area and ask for a quote. They'll do it over the phone, and it's standard to list their fee, plus the disbursements and give you a total.0 -
Richard_Webster wrote: »
I'm not really sure why there is so much distrust about searches commissioned by others - they provide the same information. Some Councils take several weeks to deal with a search and therefore if a buyer' solcitor waited until everything else was in place to exchange before doing the local search then there could be unacceptable delays.
I think this distrust is coming from within the legal profession, who's nature it is not to trust anything unless it has been done by themselves or someone within the profession.
I suspect that as time goes by and HIPs become more entrenched in the house buying process then lawyers will also lighten up on it too.
Though personally speaking I can see the point of exercising caution as I'm sure ther will be people out there willing to forge documents for financial gain.0 -
Its now come down by £105 as the Local search and chancel search don't need doing because of the HIP.
A Chancel Search in a HIP! Now that would really be unusual because it is not a required search. So here you have a HIP with extras....RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
I dont even know what one is, but they have knocked off the 105 because of the HIP!!
Spoke to solicitor again an they think we could complete before end of april!!!0 -
Those fees are about correct.
You also have to make sure that the solicitor has his cleared money on or before the day of the completion otherwise your not getting your house.Lets get this straight. Say my house is worth £100K, it drops £20K and I complain but I should not complain when I actually pay £200K via a mortgage:rolleyes:0 -
I used https://www.cheapconveyancing.com, they found me a cheap, fairly local solicitor who was really helpful. May be worth a look?Comping Challenge: 2 x CDs £30, Outlet Shopping Vouchers £50
TopCashback: £59
Weightwatchers: aiming to lose 1.5 stone
Want to join topcashback? Let me refer you!!!0 -
Hiring a solicitor is a bit like hiring me to go and do your Tesco shopping. I'll only charge you £5 but you'll also have to pay for your groceries.peterc2609 wrote: »They all are disbursements.... what does that mean? Flow through????
Most of the things on your list aren't the solicitor getting the money, it's the things YOU have to buy that he is buying/paying for on your behalf.0 -
In general solicitors try to ensure that their costs are 'competitive'. This means that the cheaper they are the more work they take on to make the same profit.
The more properties they take on means a slower individual service. So, you may save money but suffer from lengthy delays because the solicitor is busy.
Better to pay more and ensure you get a balance between costs vs speed of service.0 -
The process has largely been "computerised" now. This is a two edged sword as it makes it more difficult to do it yourself, in competition with the largely automated systems, that your solicitor should have installed in his offices.
I would recommend taking a keen interest in the physical condition and the legal wrinkles of the property you are buying. Do you really think that a clerk in a solicitor's office sitting on his bottom in front of a computer screen really KNOWS about the property you are buying?
Yesterday I spotted someone on MSE complaining they had managed to buy a property with no "legal" access to its driveway, across the verge of the road, probably owned by the local authority.
There is no substitute for knowing what you are doing, the only advantage with using the Estate Agents buddy from the golf club is that he MAY have local knowledge and enough interest to apply it to your transaction. This could warn you of the danger of the new sewage works, that is proposed a few hundred yards up wind of your property.
John.
PS
There used to be a useful book called "The Conveyancing Fraud", whose author has since retired or died I think, so it probably has not been kept up to date. But it is still worth a read, your local library may have a copy.
PPS I am assuming you are in "England and Wales", there are likely to be interesting different procedures "north of the border", but if you were up there it would probably be a legal office not an estate agent who has sold you the property in the first place?
PPPS Wot no coal authority check:-)0
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