We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Own Home Scheme Pros and Cons
Options
Comments
-
tek-monkey wrote: »Does it depend on the cost of the house? My solicitor quoted me £865 all in, and that was including an extra £50 to deal with ownhome. My property is £132k, and my solicitors standard fee (before searches etc.) is £499.
Thanks. I don't know whether it depends on the price of the property. Mine is £245K. I have had 2 quotes for the standard fee; £595plus VAT, and £695plus VAT plus £150plus VAT for dealing with p4p. I will contact optima to find out how much they'll charge.Debts at :idea: moment £31,500
[STRIKE]Debts as @ 28 June 2009 £15,654[/STRIKE] [STRIKE]Debts as @ 25 July 09 £7,264 [/STRIKE]:j[STRIKE]Debts as at 8 Sept 09 £6,590 [/STRIKE]:T Debts as @ 10 October 09 £5,976:j:j
Official Debt Free Wannabee- Nerd Club Member Number 742..........Longhaul supporters club member-Number 72
Proud to be dealing with my debts! Love this forum :grouphug:0 -
Thanks. I don't know whether it depends on the price of the property. Mine is £245K. I have had 2 quotes for the standard fee; £595plus VAT, and £695plus VAT plus £150plus VAT for dealing with p4p. I will contact optima to find out how much they'll charge.
My solicitor didn't charge me anything for dealing with P4P.
It was Basically. £950 all in for a £185,500 house0 -
Steven.Morris7 wrote: »My solicitor didn't charge me anything for dealing with P4P.
It was Basically. £950 all in for a £185,500 house
The quotes I've got sound a little excessive in comparison with what I've read in this forum. I have called optima to enquire about how much they'll charge and they said they will get back to me.Debts at :idea: moment £31,500
[STRIKE]Debts as @ 28 June 2009 £15,654[/STRIKE] [STRIKE]Debts as @ 25 July 09 £7,264 [/STRIKE]:j[STRIKE]Debts as at 8 Sept 09 £6,590 [/STRIKE]:T Debts as @ 10 October 09 £5,976:j:j
Official Debt Free Wannabee- Nerd Club Member Number 742..........Longhaul supporters club member-Number 72
Proud to be dealing with my debts! Love this forum :grouphug:0 -
:oI have finally completed. The keys are awaiting my pick up from the EA...
The feeling of "Thank F*** its all over" is a great one. Good Luck to all those still going through!
Yahhhhoooooooooo:beer:0 -
Steven.Morris7 wrote: »:oI have finally completed. The keys are awaiting my pick up from the EA...
The feeling of "Thank F*** its all over" is a great one. Good Luck to all those still going through!
Yahhhhoooooooooo:beer:
cant wait to complete Friday, the days are draaagggiing0 -
Congratulations0
-
Just talked to my solicitor, and the vendors solictior is not too helpful! Mine said that the survey showed drainage problems and needed inspection, and asked for further information regarding a buildover agreement etc. Their's replied with 'See previous communication', which was just to say they don't know. Great! So now I have to spend out on a drain survey, which could in turn highlight further issues. Still, better to learn an expensive lesson now that later.0
-
tek-monkey wrote: »Just talked to my solicitor, and the vendors solictior is not too helpful! Mine said that the survey showed drainage problems and needed inspection, and asked for further information regarding a buildover agreement etc. Their's replied with 'See previous communication', which was just to say they don't know. Great! So now I have to spend out on a drain survey, which could in turn highlight further issues. Still, better to learn an expensive lesson now that later.
Very frustrating! Hopefully nothing too serious turns up, else I guess you may haveto cut your losses... but then you lose out on the scheme.0 -
Yup, thats my problem. I can't buy without the scheme, I want the house, but I'm not going to buy somewhere thats not right. I just called a company that said they charge £50 + vat per hour, and it will take a maximum of 3 hours to do. So thats pretty much another £200 I'll need to spend, but at least then I'll know. Whats really annoying is that I'll have spent over a grand finding all this out that I could have put towards a deposit!
Anyone know if solicitors charge full price if you pull out of a sale, or just part of it?0 -
£200 is not significant compared to the house value, if anything comes up i think they will still give the mortgage subject to you signing that you will rectify the issue within 6 months.
You may be able to re-negotiate your purchase price to compensate, but i dont know what implications there would be with the ownhome element - theoretically p4p will be paying less for the same %age and you would have the bill for setting things right, so hopefully no implications
Solicitors would definately charge for the searches and work that they have done, but whether they will charge the full amount will probably depend on how fair they are, and the circumstances cause you pull out.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards