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  • FIRST POST
    • ruthi0
    • By ruthi0 17th Oct 16, 8:56 PM
    • 1Posts
    • 0Thanks
    ruthi0
    Conveyancing quotes help
    • #1
    • 17th Oct 16, 8:56 PM
    Conveyancing quotes help 17th Oct 16 at 8:56 PM
    Hi I am currently purchasing my first house and I have no idea idea what i'm doing.
    Ive been give two quotes which seem are very different in price and I don't understand the difference. If anyone could please offer any advice or clarification;

    QUOTE 1 £861
    PAYMENTS DUE TO YOUR CONVEYANCER:
    The Conveyancing for your Purchase £399.00
    Mortgage Lender's Legal Fees (to be paid by you) £95.00
    Completing and Filing Inland Revenue SDLT1 Form £75.00
    Archive Supplement (to securely store your file after completion) £30.00 Charges £599.00

    PAYMENTS DUE TO THE GOVERNMENT & THIRD PARTIES:
    H.M Land Registry Fees* £95.00
    Pre Exchange Searches* *OC1 & K16 Bankruptcy Search. £6.85
    Purchase Registration Fee* *Software license fee to link the solicitor and estate agent systems £18.00
    AML Search* *Anti Money Laundering Search. £16.80
    Consumer Portal Charge* *Payable if you decide to use the online log on. £6.00 VAT on Conveyancing Fees Charged at 20%; the current prevailing rate. £119.80 Total Due to Government & Third Parties Please note that these charges are payable, if incurred, whether or not the transaction proceeds to completion. £262.45

    SUMMARY OF CONVEYANCING QUOTATION: Conveyancing Charges £599.00 Payments to Government & Third Parties £262.45
    Total Charges to You £861.45

    or................
    QUOTE 2 £1113

    Lawyer’sFees: Legalfee £449.00
    Mortgagefee £50.00
    StampDutyLandTaxfee £55.00
    AdditionalCosts: SearchPack £275.00
    LandRegistryfee £95.00
    StampDutyLandTax £0.00
    LandRegistrySearches £20.00
    VATonLawyer'sFeesandSearches £169.80
    Total £1,113.80
Page 1
    • davidmcn
    • By davidmcn 17th Oct 16, 9:07 PM
    • 3,866 Posts
    • 3,440 Thanks
    davidmcn
    • #2
    • 17th Oct 16, 9:07 PM
    • #2
    • 17th Oct 16, 9:07 PM
    Basically much the same other than the second one has included the £275 for searches. Not sure why the first one has omitted a similar item (they haven't put it on a separate price list, have they?), but you're probably going to incur that cost at some point.
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