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Transfer Of Equity
SCOTTHANNAM
Posts: 44 Forumite
afternoon
my ex girlfriend was sole ownership of our house (i am happy for this to happen) so she has contacted Northern Rock to do this.
they advised getting a solicitor,which we did and they want £470 to do it!
details below - can it be done cheaper?[/U]
On your transfer of equity £350.00
Plus VAT on our fees currently at 17.5% £ 61.25
Our total fees £411.25
In addition there will be the following standard disbursements to pay:
Land Registry fees £40.00
Office copy entries (approximate figure) £20.00
my ex girlfriend was sole ownership of our house (i am happy for this to happen) so she has contacted Northern Rock to do this.
they advised getting a solicitor,which we did and they want £470 to do it!
details below - can it be done cheaper?[/U]
On your transfer of equity £350.00
Plus VAT on our fees currently at 17.5% £ 61.25
Our total fees £411.25
In addition there will be the following standard disbursements to pay:
Land Registry fees £40.00
Office copy entries (approximate figure) £20.00
0
Comments
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Property, it's the perfect game for rip off merchants! Thats ridiculous, good luck finding it cheaper - there probably is a way, but i dont know it. Have you tried other solicitors for quotes?0
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You will always need a solicitor for a transfer so these fees are always to be paid. the lender may charge at same time0
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shop around, it should cost around £250 plus disbursements0
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