Conveyancing / Solicitors Fees

jodenice

Can somebody please help me? I've posted about this before but I'm even more confused now if possible.

What should I expect my total fees to be in the region of if I am purchasing a flat at £1345?

Somebody quoted me an all inclusive fee of £755 but when the actual written quote came through it worked out at£2645, making the actual fees minus Stamp Duty £1300. I keep looking on web sites etc but I now have no realistic idea of what I should be paying, in total and what is too much and what is just too low.

Please please can somebody help me. I really need to budget this into my costs before I start so I can work out a financial buffer.

Jo

lynzpower

whats the price again?

jodenice

The flat I've put an offer in on is £134500

toontastic

These do online quotes just to give you an example https://www.conveyancing-quote.com

jodenice

They said 2018 in total but had loads of little clauses that added money so I couldn't get a definite total.

The flat I'm buying is part of a converted house, split into two. Both the top and the bottom have a 50% split of the freehold but also have leaseholds. When I am asked if I am buying a freehold or a leasehold I do not know what to say!

courtjester

You are buying a share of freehold, which is effectively a lease on the flat (as occupier) and a share of the freehold of the whole building (as joint owner). WHen asking for conveyancing quotes, you need to say "Leasehold" as there are minimum additional legal aspects to take account of.

Bear in mind that with share of freehold, there may be other intricacies to add on top of the usual leasehold matters.

We bought a flat in similar circumstances involving 4 apartments and share of freehold which proved to be quite complicated as the top floor flat we acquired was a new conversion on an old block - our final fees were £1250 + VAT excluding disbursements & stamp duty and the solicitor reckoned that was a discounted fee on his total charges of £1500 because some of the work he had to do was down to the other side and he had originally quoted below £750 for the job.

When buying a property like this you need to make sure everything is nailed down tight so don't bank on getting the legals done cheaply. Good luck.

jodenice

OK I've had a quote, including leasehold charges, inland revenue forms, any landlord charges, solicitors fees, searches, land registry, tax & stamp duty for £2223, making the total fees, including VAT £878.

I don't think I'm going to get better than that do you?