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Conveyancing quotes help
ruthi0
Posts: 1 Newbie
Hi I am currently purchasing my first house and I have no idea idea what i'm doing.
Ive been give two quotes which seem are very different in price and I don't understand the difference. If anyone could please offer any advice or clarification;
QUOTE 1 £861
PAYMENTS DUE TO YOUR CONVEYANCER:
The Conveyancing for your Purchase £399.00
Mortgage Lender's Legal Fees (to be paid by you) £95.00
Completing and Filing Inland Revenue SDLT1 Form £75.00
Archive Supplement (to securely store your file after completion) £30.00 Charges £599.00
PAYMENTS DUE TO THE GOVERNMENT & THIRD PARTIES:
H.M Land Registry Fees* £95.00
Pre Exchange Searches* *OC1 & K16 Bankruptcy Search. £6.85
Purchase Registration Fee* *Software license fee to link the solicitor and estate agent systems £18.00
AML Search* *Anti Money Laundering Search. £16.80
Consumer Portal Charge* *Payable if you decide to use the online log on. £6.00 VAT on Conveyancing Fees Charged at 20%; the current prevailing rate. £119.80 Total Due to Government & Third Parties Please note that these charges are payable, if incurred, whether or not the transaction proceeds to completion. £262.45
SUMMARY OF CONVEYANCING QUOTATION: Conveyancing Charges £599.00 Payments to Government & Third Parties £262.45
Total Charges to You £861.45
or................
QUOTE 2 £1113
Lawyer’sFees: Legalfee £449.00
Mortgagefee £50.00
StampDutyLandTaxfee £55.00
AdditionalCosts: SearchPack £275.00
LandRegistryfee £95.00
StampDutyLandTax £0.00
LandRegistrySearches £20.00
VATonLawyer'sFeesandSearches £169.80
Total £1,113.80
Ive been give two quotes which seem are very different in price and I don't understand the difference. If anyone could please offer any advice or clarification;
QUOTE 1 £861
PAYMENTS DUE TO YOUR CONVEYANCER:
The Conveyancing for your Purchase £399.00
Mortgage Lender's Legal Fees (to be paid by you) £95.00
Completing and Filing Inland Revenue SDLT1 Form £75.00
Archive Supplement (to securely store your file after completion) £30.00 Charges £599.00
PAYMENTS DUE TO THE GOVERNMENT & THIRD PARTIES:
H.M Land Registry Fees* £95.00
Pre Exchange Searches* *OC1 & K16 Bankruptcy Search. £6.85
Purchase Registration Fee* *Software license fee to link the solicitor and estate agent systems £18.00
AML Search* *Anti Money Laundering Search. £16.80
Consumer Portal Charge* *Payable if you decide to use the online log on. £6.00 VAT on Conveyancing Fees Charged at 20%; the current prevailing rate. £119.80 Total Due to Government & Third Parties Please note that these charges are payable, if incurred, whether or not the transaction proceeds to completion. £262.45
SUMMARY OF CONVEYANCING QUOTATION: Conveyancing Charges £599.00 Payments to Government & Third Parties £262.45
Total Charges to You £861.45
or................
QUOTE 2 £1113
Lawyer’sFees: Legalfee £449.00
Mortgagefee £50.00
StampDutyLandTaxfee £55.00
AdditionalCosts: SearchPack £275.00
LandRegistryfee £95.00
StampDutyLandTax £0.00
LandRegistrySearches £20.00
VATonLawyer'sFeesandSearches £169.80
Total £1,113.80
0
Comments
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Basically much the same other than the second one has included the £275 for searches. Not sure why the first one has omitted a similar item (they haven't put it on a separate price list, have they?), but you're probably going to incur that cost at some point.0
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