Transfer of Equity

BeccaBell

Hello!

I am looking for a solicitor/conveyancer to do a transfer of equity and I have no idea what sort of price I should be expecting. So far I have received two very different quotes and I don't want to go with the cheaper on and get inferior work or the expensive and get mugged off. I have requested a few more but those firms are yet to come back to me.

Has anyone done this before or has conveyancing experience and can tell me what a reasonable charge for this would be? I am in South East London (Zone 5) if that would make a difference to the quotes, both firms are local to the area.

Thanks!

BB

kingstreet

Is there a mortgage on the property?

If so, you need the lender to do its bit first, then it may have a solicitor on its panel for you.

I tell people a typical TofE is between £400 and £600 including lender and solicitor costs.

BeccaBell

Thank you for your reply.

Yes there is a mortgage, I've already spoken to the lender and everything is agreed with them. Just a case of finding someone on their panel now!

Thanks again for your response!

BB

tidesendtown

SW (Greater) London I've just paid £450+VAT just in solicitor fees plus some other land registry fees plus the lender's fee which was £160. It's a leashehold property mortgaged. Some solicitors charge more for doing the transfer for leasehold properties.