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Solicitor Cost - House Purchase

neilem
neilem Posts: 103 Forumite
Ninth Anniversary 10 Posts Combo Breaker Name Dropper
in House buying, renting & selling
What is normally the total cost for a solicitor when purchasing a house?

I'm a first time buyer and not selling. I also live in Northern Ireland (if that matters).

Phoned a solicitor earlier, and I was given a discounted rate of 0.45% based of the property price. This came to £1100 (ex. VAT). Other required things being added on, such as title deeds, registration, etc, it came to £1950 all in.

Is it just me, or is that expensive?
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Comments

  • ethranes
    ethranes Posts: 69 Forumite
    Seventh Anniversary 10 Posts Combo Breaker
    That's expensive, I paid around £1000

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Is the property leasehold?
  • neilem
    neilem Posts: 103 Forumite
    Ninth Anniversary 10 Posts Combo Breaker Name Dropper
    Thrugelmir wrote: »
    Is the property leasehold?

    I'm not sure, I haven't checked yet. Would that have an impact to the cost of the solicitor?
  • G_M
    G_M Posts: 51,977 Forumite
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    How much were the other three quotes you received? And were all 4 quotes like-for-like (ie included all the same extras)?
  • middleclassbutpoor
    middleclassbutpoor Posts: 774 Forumite
    Sixth Anniversary 500 Posts Name Dropper Photogenic
    Freehold will be cheaper than leasehold.

    We are selling and buying and excluding Stampduty we are paying £1250 inclusive of VAT and that is with a local in person solicitor.
  • neilem
    neilem Posts: 103 Forumite
    Ninth Anniversary 10 Posts Combo Breaker Name Dropper
    middleclassbutpoor wrote: »
    Freehold will be cheaper than leasehold.

    We are selling and buying and excluding Stampduty we are paying £1250 inclusive of VAT and that is with a local in person solicitor.

    That is very decent. Is that only for the service and excluding all the other stuff that is added on; such as land registry, deeds, bankruptcy checks, etc?
  • neilem
    neilem Posts: 103 Forumite
    Ninth Anniversary 10 Posts Combo Breaker Name Dropper
    G_M wrote: »
    How much were the other three quotes you received? And were all 4 quotes like-for-like (ie included all the same extras)?

    I haven't received 4 quotes? My wife phoned up another shortly after mine, they accidentally added land value tax onto the quote even though they correctly stated we didn't need stamp duty during the phone call (not a good sign so far). They turned out to be £50 above what the other solicitor was quoting (after subtracting the SDLT).
  • middleclassbutpoor
    middleclassbutpoor Posts: 774 Forumite
    Sixth Anniversary 500 Posts Name Dropper Photogenic
    neilem wrote: »
    That is very decent. Is that only for the service and excluding all the other stuff that is added on; such as land registry, deeds, bankruptcy checks, etc?

    Its with all the usual basic searches required to buy as I understood it.

    If further searches were required then these would be additional.

    I think there is likely to be a cost difference because of you being in NI rather than England...
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    neilem wrote: »
    I haven't received 4 quotes?
    Exactly.

    G_M's point was that you need to get several quotes from different firms before you can make an informed decision.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Slithery wrote: »
    Exactly.

    G_M's point was that you need to get several quotes from different firms before you can make an informed decision.
    Plus I'm not sure what your question is.
    Originally Posted by neilem viewpost.gif
    I haven't received 4 quotes?
    On 2nd thoughts, the answer is "No. You haven't".
This discussion has been closed.
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