solicitors fees!!!

99srad

Hey folks,
I've been told that my fees for selling a house at £143,500 and buying a house at £216,000 is going to be about £8500.
Is this the cost of moving? Can any one shed some light on what the breakdown of this should be? The est agent charges 1% for selling.
Any info is much appreciated.
E

Magentasue

Estate agent is probably 1% + VAT. The stamp duty will be the other major cost and then the legal fees. We're doing similar to you and reckoning on £10,000 including removals costs.




£2,000 of that is to settle and redeem our mortgage, so £8000 for fees, commission and removals.

bukup

99srad wrote: »

Hey folks,
I've been told that my fees for selling a house at £143,500 and buying a house at £216,000 is going to be about £8500.
Is this the cost of moving? Can any one shed some light on what the breakdown of this should be? The est agent charges 1% for selling.
Any info is much appreciated.
E

That's cheap...well done!

cattie

Also remember solicitor's legal fees for both sale & purchase will be + vat. Stamp duty at 1% is a whopping £2160.

atrebor

Seems a bit high to me.....we paid a whopping £4000 to estate agents about £8000 in stamp duty and only £ 1500 in solicitors fees for sale and purchase. Am cross re estate agents but other half signed the paper work with out reading ... he is not a money saver! and you'r stamp duty shouldn't be as much as its unde r3%.........Shop arround but my solicitor has been amazing and they are a reputable firm. I h'aven't heard much good about online / tele conveyancers.......but maybe others have?

chriserenity

And a HIP costs about 350 pounds 200 ish of which is currently paid for anyway. Doesn't compare really.

By the way, if I were a buyer taking a seller's HIP to my conveyancer I would want a reduction in their fee since I was providing much of the legal documentation to them. Just a thought.

Magentasue

We're using an 'online conveyancer' - basically a junior member of staff in a solicitor's firm hundreds of miles away - for a flat fee. Have been very impressed so far. She has been very efficient, easy to get hold of by phone and email and sends copies of everything as she goes along.

BWZN93

Magentasue wrote: »

We're using an 'online conveyancer' - basically a junior member of staff in a solicitor's firm hundreds of miles away - for a flat fee. Have been very impressed so far. She has been very efficient, easy to get hold of by phone and email and sends copies of everything as she goes along.

Do you mind me asking which company this is? Im looking for an efficient one!

Lomion

to buy and sell cost us

Solicitors Fees £1048.00
VAT £183.40
Searches £260.00
Land Registry Fee £150.00

on top of that you would have the following charges

Stamp Duty £2160.00
EA Fees £1687.13

HIP £350

Removals £750 - ish

Total £6588.53...so basically, you're looking at between £6k-£7k depending how much the solicitor charges etc etc

Magentasue

jw1096 wrote: »

Do you mind me asking which company this is? Im looking for an efficient one!

Lambert and Pugh in Norwich. In an earlier thread on here, there were mixed reviews but we're very happy so far.

Duck

Hi,

I have just purchased and used an online conveyancing company. Total fees: £632.00 (includes solicitors fees and searches) this was a fixed fee. It was good to know exactly how much we needed to pay for legal fees so that we could factor this into our budget.

The online company was Adobe but the solicitors was Beaumont Legal. Great communication via telephone, email etc (I even got a return call at 7:00pm one evening)