Buying a garage - solicitor wants 10% in fees!!!!

G_M

samtheman1k wrote: »

Hi all, I'm just after some advice on saving some money whilst trying to buy a garage! The garage is en bloc and thus only about £10k and we already own one of the garages in the block. However, the conveyencer wants nearly £1k in fees and searches!!! That's 10% of the purchase price!!!

Any hints on where I can save money? We are paying cash (no mortgage), already have a garage in the block, so guess we can skip things like the flood search etc? It also actually borders our house, so don't know if that can help?

Any ideas????

As has been said, a conveyancer will spend nearly as much time on this as on a house, so the charge will be similar.

You can save a bit on searches/disbursements etc but the only way to save significantly would be to do the conveyancing yourself.

No mortgage makes it easier.

Check this thread here.

Bananamana

£1000 imo seems excessive. If its leasehold then maybe. Searches (other than the LR ones for less than £10) seem kind of a waste of money to be honest.

LR fee would be £50.

Will be no need to submit SDLT return as the consideration is so low.

Batchy

if its cash ... do you need to use a solicitor?
seriously?... can't you manage it yourself, get the right signatures in the right places and send off the right forms, etc.

If no mortgage, surely there is no need to use a conveyancer!

DVardysShadow

samtheman1k wrote: »

Hi all, I'm just after some advice on saving some money whilst trying to buy a garage! The garage is en bloc and thus only about £10k and we already own one of the garages in the block. However, the conveyencer wants nearly £1k in fees and searches!!! That's 10% of the purchase price!!!

Outrageous. You should be grateful that the garage is £10000 rather than £5000, otherwise it would be 20%.

Bananamana

DVardysShadow wrote: »

You should be grateful that the garage is £10000 rather than £5000.

he should be grateful it's an extra 5k?

hehe

timmyt

£1k is too much for a £10k garage. bet you don't even get a 'solicitor'. then most people don't check that - which is why most conveyancing firms can fob jumped up secrtaries on the public and they still pay solicitor rates...ha ha

samtheman1k

Batchy wrote: »

if its cash ... do you need to use a solicitor?
seriously?... can't you manage it yourself, get the right signatures in the right places and send off the right forms, etc.

If no mortgage, surely there is no need to use a conveyancer!

Probably, but don't particularly want the hassle. I am prepared to pay, just didn't expect to pay the same fees as when I bought the house for 20 times the price!

If I was getting my gearbox changed, but didn't want them to change some of the components, for example, then I wouldn't expect to pay the same as the BMW garage doing the full works! That would just be daft and not very MSE!

I am negotiating with them at the moment, they have agreed in principle to lower the fees due to having less the work to do, but will see how much by, even 5 or 10% is worth the effort of asking afterall...

Bananamana

samtheman1k wrote: »

Probably, but don't particularly want the hassle. I am prepared to pay, just didn't expect to pay the same fees as when I bought the house for 20 times the price!

If I was getting my gearbox changed, but didn't want them to change some of the components, for example, then I wouldn't expect to pay the same as the BMW garage doing the full works! That would just be daft and not very MSE!

I am negotiating with them at the moment, they have agreed in principle to lower the fees due to having less the work to do, but will see how much by, even 5 or 10% is worth the effort of asking afterall...

Post the breakdown here if you want a second opinion.