Help with conveyencing fees... keep adding on??

Icecold_2

Son and daughter in law have switched solicitors, they are FTB and had an awful company, the initial solicitors have refunded the balance of money paid for searches and sent all search results that have been received onto the new solicitor. 

If you’re not happy and don’t feel you can trust the solicitor then definitely switch, best thing is to try to get a recommendation from someone you trust 

Kyresa

jonnym8083 said:

we agreed to instruct and have since received our contract.
in the contract it has all these other charges.
£125+ vat document fee
£125+ vat engrossment fee
£195+ vat for them to act on behalf of lender
£90 + vat notice fee
£80 + vat fraud prevention with land registry...
sorry for long post but it’s not as if it’s a couple quid it’s literally adding early £800 to what we would need to pay? Is this normal. I specifically asked when we instructed that everything quoted was including and have emails stating so??
someone or can anyone help advise or provide any guidance?
thanks in advance and again sorry for long post.

     

 

OK so;

the document fee, engrossment fee and notice fee will all be fees charged by the seller's solicitors that your solicitors would not have known about at the start of the process.    No matter which solicitors you go to, those fees will be payable.  

The Acting on behalf of your lender, they do have to do extra work, check if this is the fee that appears in your mortgage offer.  Again, no matter where you go, that is likely to be payable. 

The Fraud prevention with the land registry is a new one though - you can do that yourself for nothing via the Land Registry website!

davidmcn

Kyresa said:

jonnym8083 said:

we agreed to instruct and have since received our contract.
in the contract it has all these other charges.
£125+ vat document fee
£125+ vat engrossment fee
£195+ vat for them to act on behalf of lender
£90 + vat notice fee
£80 + vat fraud prevention with land registry...
sorry for long post but it’s not as if it’s a couple quid it’s literally adding early £800 to what we would need to pay? Is this normal. I specifically asked when we instructed that everything quoted was including and have emails stating so??
someone or can anyone help advise or provide any guidance?
thanks in advance and again sorry for long post.

     

 

The Acting on behalf of your lender, they do have to do extra work, check if this is the fee that appears in your mortgage offer.

No, the fee in the mortgage offer is just a notional fee which the lender uses for calculating the APR, it's not meant to be an indicator of what your solicitor actually ought to (or will) charge you.

jonnym8083

Thanks for the details... if we are likely to be charged all these with someone else anyways not much point moving solicitors... I just wasn’t aware we would have these additional seller costs and mortgage lender costs... certainly adds a bit to what we originally thought it would be 

davidmcn

jonnym8083 said:

Thanks for the details... if we are likely to be charged all these with someone else anyways not much point moving solicitors... I just wasn’t aware we would have these additional seller costs and mortgage lender costs... certainly adds a bit to what we originally thought it would be 

Like I said above, the general recommendation here is to avoid using the developer's pet solicitors no matter what their fees are. See umpteen other threads here from people who have regretted that decision.

wksd

I just bought a 500k house, purchase fee was £995 and sale fee was £800. The best lawyers i've come across, would recommend them to anyone so not the cheapest but not expensive. Replied to every email ever sent within 10 mins.

RelievedSheff

jonnym8083 said:

Thanks for the details... if we are likely to be charged all these with someone else anyways not much point moving solicitors... I just wasn’t aware we would have these additional seller costs and mortgage lender costs... certainly adds a bit to what we originally thought it would be 

Buying and selling houses isn't cheap.

Wait until next time when you have a purchase and a sale to pay for!!!!