We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Billed for 3x original quote by Conveyancers
DSM1642
Posts: 7 Forumite
This is currently under review
0
Comments
-
Is stamp duty included in the final bill ? If your flat was around £200K, then this accounts for the ~£2K difference.0
-
Post the breakdown of charges on here and someone will tell you what the "conveyance speak" means. Is it possible that vuvuzela is correct? Have you accounted for stamp duty in your calculations?Let's settle this like gentlemen: armed with heavy sticks
On a rotating plate, with spikes like Flash Gordon
And you're Peter Duncan; I gave you fair warning0 -
Hi, no that's not including stamp duty. I have deducted that from the costs. That is purely a culmination of supposed fees to the conveyancer.0
-
I will post a breakdown when I get home with the individual charges, an explanation would be great. I can see what some may mean but I feel like it's been massively weighted up and they have taken advantage of us.0
-
If you agree to fixed price services, the firm should ensure you are notified in advance of any additional charges which may make your final bill different to what was quoted.
Were you ever warned, or a new estimate of costs provided to enable you to make an informed choice about continuing?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 -
I read your first 2 sentences and came to a stop:
That is, I'm afraid, meaningless and inaccurate.Hi
Myself and my wife obtained a quote from 'Convey Law' to purchase a 2 bed leasehold flat (100 year lease) in London. The quote was £950 all in.
You hace already admitted in susequent post that stamp duty was not included, so clearly it was NOT "all in".
There are many possible other 'extras' which could push up the price. You need to
1) revisit the written quotation AND the associated Terms of Business, to see what the £950 included exactly (and more importantly what it excluded), and what other potential charges were included in the TOB you agreed to.
2) read and compare the final bill breakdown, to see if you are being charged for things which were not agreed to in 1) above
Untill you list both 1& 2 for us, we cannot comment if you are eing charged correctly or not.0 -
This is under review0
-
That lot adds up to £1278.60 - so what about the other £1521.40 ?
Leasehold properties often throw up a few unexpected expenses, for example if the freeholder imposes a charge for their part in transferring the lease. It looks like some of the charges you mention above might fall into this category. Were you warned this could be the case?Let's settle this like gentlemen: armed with heavy sticks
On a rotating plate, with spikes like Flash Gordon
And you're Peter Duncan; I gave you fair warning0 -
They've padded a few of those IMHO. CHAPS fees (called TT here) are about £20-30. Fine for transfer of funds for completion. But you wouldn't need this for stamp duty. And how vague is "dealing with appointments"? Er.....isn't that part of the inclusive service."Real knowledge is to know the extent of one's ignorance" - Confucius0
-
Er......
http://www.conveylaw.com/costs-and-fees/transparent-services-and-fees/
Think they've got you. Best you can do is check off against these and see where your costs exceed what they've suggested."Real knowledge is to know the extent of one's ignorance" - Confucius0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards