Buying 50% share of house

hobbes1_2

My brother and I were left a house 50:50 by our late father. We've agreed that my partner and I will buy out my brother's 50% for half of the valuation stated in the estate (we now live in the property which is in Scotland). I spoke to a conveyancing company who said that we could do it as a transfer of title(?) and pay minimal fees which sounded great. However, I also contacted our family solicitor who is treating it as one sale and a separate purchase which attracts stamp duty and all kinds of additional fees - making the total cost nearly 5 times as much.

Should we go with the conveyancer and hope everything is okay? Or is this false economy and may cause us problems in the future should we wish to sell (which we aren't planning to do...)

BitterAndTwisted

If you are buying your brother's 50% for cash and don't require a mortgage then you just do the transfer of title thing. Sounds like this family solicitor might be trying to extract additional fees from you which may not necessary.