Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • annemarigold
    • By annemarigold 7th Jul 17, 3:12 PM
    • 32Posts
    • 4Thanks
    annemarigold
    Conveyancing fees
    • #1
    • 7th Jul 17, 3:12 PM
    Conveyancing fees 7th Jul 17 at 3:12 PM
    OMG I had no idea it was so expensive!
    PROPERTY : TBAPRICE : £230,000.00 Our Conveyancing Fee: £664.00TENURE: LeaseholdSupplemental Leasehold Fee: £270.00Stamp Duty Land Tax Return Preparation Fee *** £95.00Mortgage Lender Legal Fee** £140.00Bank Transfer Admin Fee: £38.00ANTICIPATED FEES:£1,207.00EXPENSES: VAT on our fees at 20% £241.40HMRC Stamp Duty Land Tax £2,100.00Land Registry Fees £135.00Searches before exchange * £300.00Searches before completion * £3.00TOTAL EXPENSES £2,779.40TOTAL KNOWN FEES AND EXPENSES £3,986.40

    It will be 140 less as I don't need a mortgage. Does this seem a normal cost?

    Thanks
Page 1
    • Surrey_EA
    • By Surrey_EA 7th Jul 17, 3:23 PM
    • 1,145 Posts
    • 1,345 Thanks
    Surrey_EA
    • #2
    • 7th Jul 17, 3:23 PM
    • #2
    • 7th Jul 17, 3:23 PM
    OMG I had no idea it was so expensive!
    Originally posted by annemarigold
    About 60% of the total cost listed above is tax, stamp duty and VAT.

    Seems reasonably typical to me.
    • annemarigold
    • By annemarigold 7th Jul 17, 3:39 PM
    • 32 Posts
    • 4 Thanks
    annemarigold
    • #3
    • 7th Jul 17, 3:39 PM
    • #3
    • 7th Jul 17, 3:39 PM
    Thank you. After being taxed 5K in Spain as Capital Gains Tax when I had made a loss of 200K I am feeling very jittery. I have to remember how well off I am compared to most people in the world.
    • G_M
    • By G_M 7th Jul 17, 5:25 PM
    • 41,422 Posts
    • 47,763 Thanks
    G_M
    • #4
    • 7th Jul 17, 5:25 PM
    • #4
    • 7th Jul 17, 5:25 PM
    OMG I had no idea it was so expensive!

    PROPERTY : TBAPRICE : £230,000.00
    Our Conveyancing Fee: £664.00 very reasonable
    TENURE: Leasehold
    Supplemental Leasehold Fee: £270.00 reasonable
    Stamp Duty Land Tax Return Preparation Fee *** £95.00 UNreasonable - should be included in the £664
    Mortgage Lender Legal Fee** £140.00 Usually included in the £664, but as that's cheap, OK they've quoted it seperately
    Bank Transfer Admin Fee: £38.00 Most banks charge £25 - £35. Which bank do they use?
    ANTICIPATED FEES:£1,207.00 a bit pricey once the 'extras' are included, but not hugely so
    EXPENSES:
    VAT on our fees at 20% £241.40 standard.Out of their control
    HMRC Stamp Duty Land Tax £2,100.00 standard.Out of their control
    Land Registry Fees £135.00 standard.Out of their control
    Searches before exchange * £300.00 standard.Out of their control
    Searches before completion * £3.00 standard.Out of their control
    TOTAL EXPENSES £2,779.40 No way to avoid these even if you DIY the conveyancing!

    TOTAL KNOWN FEES AND EXPENSES £3,986.40

    It will be 140 less as I don't need a mortgage. Does this seem a normal cost?

    Thanks
    Originally posted by annemarigold
    Ah well, knock off the £140 and you're doing OK.

    But as with everything, shop around. Pop into 2 more solicitors' offices in your High Street.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,940Posts Today

8,689Users online

Martin's Twitter