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Conveyancing Fees for Purchase - How Much?
cwcw
Posts: 928 Forumite
How much is normal for fees to buy a house at £250k? Our preferred firm quoted £3900 (£650 fees, £20 LR services, £245 searches, £35 bank transfer, £190 VAT. £280 land registry and £2,500 stamp duty). Other firms are generally coming in around £200 cheaper, but we want/need the purchase to go through quickly and smoothly, and the firm dealt with our sale quite efficiently. There is no chain either end.
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Comments
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Given that the SDLT won't vary, your £3900 is actually £1400 in fees, and you say the competitors are coming in at £1200....?0
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Are the quotes like for like? Hidden extras....?0
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I just had a quote from a solicitor for the purchase of a property at 240k which is just below what you quote - different stamp duty would account for the difference.0
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I'm going with a quote of £1180 for solicitor's fees. I believe this is slightly on the expensive side, but they were recommended, so I'm happy with that.0
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Which searches are included can make a difference and the cost of searches can vary from area to area. A local search in Portsmouth costs £50, in Waltham Forest £287.66.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
It really does depend on where you are!
Ive had 8 quotes ranging from £800 - £1,400 for a purchase in the £250k range in Birmingham (excluding the stamp duty).
Mini me due March 2014 0 -
Hi,
Well, I can recommend a solicitor who are very professional and mortgage specialist. They would charge £399 + VAT as their fee so a total of just about £1,000 for property of £250,000. Pls let me know if anyone is interested.
Cheers0 -
tbh 1400 seems not bad to me for a 250k house
i paid 1240 in fees for a 200k house in scotland last week and i couldnt find anyone cheaper locally.0
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