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Shared ownership - what would be reasonable solicitor fees?
TDG82
Posts: 13 Forumite
I'm buying a 25% share on a 310k flat in central London. The solicitors I've asked for quotes from are all recommended as experienced in shared ownership. They've all quoted around £1300-1500. I was expecting up to a grand...
Do you think I could get it for less, or did I underestimate? Should I attempt to negotiate? If so, any tips on the best approach?
Particularly interested in hearing from people who've also been through the shared ownership process.
Do you think I could get it for less, or did I underestimate? Should I attempt to negotiate? If so, any tips on the best approach?
Particularly interested in hearing from people who've also been through the shared ownership process.
0
Comments
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I estimate about £1,100 around the Midlands.
That's fee, VAT, disbursements and an allowance for the lease having to be inspected.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
A friend of mine recently purchase a shared ownership prop in Birmingham,. £800 was the total. Your in London so I suspect you may pay more up there if using a local firm.An opinion is just that..... An opinion0
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