solicitor fees buying a property

humadoon

Hi
I made an offer on a flat today my agent is a high street property big name, they introduced me to their own appointed lawyers who gave me a quote of nearly £1400 fee
this includes
sales fee, purchase fee, leasehold supplement (around £800)

than they charge Search pack fee + land registry fee + ID verification + bankruptcy search and land registry search. (around £600)

is it reasonable?

humadoon

also they say they will look after the stamp duty which i have to pay..

arbrighton

Seems high on the searches to me. We've been billed around 800 inc vat for conveyancing including searches, plus stamp duty + LR reg (280)

humadoon

arbrighton wrote: »

Seems high on the searches to me. We've been billed around 800 inc vat for conveyancing including searches, plus stamp duty + LR reg (280)

i feel my EA is Blackmailing me as he knows i like the property and he already made me go up on the offer price and than on top of this they are asking me to get mortgage through them and also use their lawyer too.
i am in a catch 22 situation

DVardysShadow

Similar thread, containing the relevant answers https://forums.moneysavingexpert.com/discussion/4096279

gazfocus

humadoon wrote: »

i am in a catch 22 situation

No you're not. Just tell them that you're going to arrange your own solicitor and mortgage advisor and that it's not open for discussion.

Our mortgage advisor ended up costing us £140 inc vat and solicitor fees were £812.80 inc vat (which included a leasehold element).

dtaylor84

humadoon wrote: »

i feel my EA is Blackmailing me as he knows i like the property and he already made me go up on the offer price and than on top of this they are asking me to get mortgage through them and also use their lawyer too.
i am in a catch 22 situation

Ignore them. Get your own mortgage, and your own solicitor. Offer what you want to -- they're obliged to pass it on.

humadoon

thanks any tips to find a good solicitor?

G_M

humadoon wrote: »

Hi
I made an offer on a flat today my agent is a high street property big name, they introduced me to their own appointed lawyers who gave me a quote of nearly £1400 fee :rotfl::rotfl:

and you said yes?....:rotfl:
this includes
sales fee, purchase fee, leasehold supplement (around £800)

does it include acting for the mortgage lender or is that extra too...?
than they charge Search pack fee + land registry fee + ID verification + bankruptcy search and land registry search. (around £600) these may vary but will be charged at whatever it costs the solicitor

is it reasonable?

read here for more

Senior_Paper_Monitor

Absolutely ridiculous fees unless you are in the millions bracket !

I have our firm's brochure available which explains what an estate agent can and cannot do (and what you shouldn't let them do) and the legislation to quote them if they get arsy.

If you want a copy PM me and give me an email addreess to send it to

arbrighton

They are NOT your EA, they work for the vendor, and of course they'll try to get you to offer higher, it affects their commission. And their sol will give them some sort of referral fee.
As others have said, there are plenty of threads here with advice