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1st time buyer question
Sharra
Posts: 751 Forumite
Hi 
We are looking at buying for the first time and we are scraping around to raise the necessary deposit. We are trying to build in extra costs like stamp duty and solicitors fees when we are working out how much we need.
I wondered if anyone had ever used the cheap solicitors that specialise in house purchases - I had a quote for one for £199 which was a lot cheaper than the £800 quote i had from someone else.
Obviously a saving of £600 is not to be sneezed at but we don't want to get ripped off.
Any advice or recommendations would be greatly appreciated.
Thanks
We are looking at buying for the first time and we are scraping around to raise the necessary deposit. We are trying to build in extra costs like stamp duty and solicitors fees when we are working out how much we need.
I wondered if anyone had ever used the cheap solicitors that specialise in house purchases - I had a quote for one for £199 which was a lot cheaper than the £800 quote i had from someone else.
Obviously a saving of £600 is not to be sneezed at but we don't want to get ripped off.
Any advice or recommendations would be greatly appreciated.
Thanks
0
Comments
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One suggestion is to shop around for mortgages. You might find one that pay off some of the extra costs that you want to eliminate.Baby Year 1: Oh dear...on the move
Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
Love to my two angels that I will never forget.0 -
Be very careful comparing the prices....
Some solictors if quoting include the costs of the searches and transfer fees etc in their quote and other don't. Also some charge for other out of pocket expenses.... these soon add up.
I guess the £199 one was just the professional services fee and you have to pay lots more on top. The £800 one probably included the search fees etc. I would doubt it will cost you much less than £500 in total.0 -
I would suggest asking some of your friends for a recommendation. When comparing prices it is important to compare like with like.
When you finally decide which solicitor to use ask them to explain how the charges will be made.
I agree with dougk that you won't get a good service for much under £500.0 -
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