Solicitors' fees 0 help me understand

Thrugelmir

badger09 said:

AdrianC said:

macman said:

Not forgetting my personal favourite: 'telegraphic transfer'. 

Woah, hold on... Banks charge for CHAPS.

You/they could send via normal FP, but it's far less certain to arrive same day or even at all (one of the benefits of CHAPS is pre-transfer confirmation of the recipient's details).

Our solicitor's charge, to remit the balance of our sale proceeds, is £40 + VAT. Banks typically charge between £25 & £30 for a CHAPS payment. Our balance, while over £10k, will be below most FP limits. We have not been given any alternative, other than a 'free' cheque. 

What alternatives are there? 

badger09

Thrugelmir said:

badger09 said:

AdrianC said:

macman said:

Not forgetting my personal favourite: 'telegraphic transfer'. 

Woah, hold on... Banks charge for CHAPS.

You/they could send via normal FP, but it's far less certain to arrive same day or even at all (one of the benefits of CHAPS is pre-transfer confirmation of the recipient's details).

Our solicitor's charge, to remit the balance of our sale proceeds, is £40 + VAT. Banks typically charge between £25 & £30 for a CHAPS payment. Our balance, while over £10k, will be below most FP limits. We have not been given any alternative, other than a 'free' cheque. 

What alternatives are there? 

FP

Tiglet2

An example from a local firm:

Residential sale:

Property value:
Under £200,000	£625.00 + VAT
£200,000 to £350,000	£675.00 + VAT
£350,000.00 to £500,000	£725.00 + VAT
£500,000 to £700,000	£795.00 + VAT
Up to £1,000,000	£995.00 + VAT
Above £1,000,000	Please telephone the office

 Residential purchase:

Property value:
Under £200,000	£650.00 + VAT
£200,000 to £350,000	£695.00 + VAT
£350,000.00 to £500,000	£795.00 + VAT
£500,000 to £700,000	£845.00 + VAT
Up to £1,000,000	£995.00 + VAT
Above £1,000,000	Please telephone the office

There may be additional professional fees if your purchase or sale involves: Leasehold, Help-to-Buy, Right-to-Buy, Help-to-Buy ISA, Shared Ownership. We will advise you of these separately in our initial quotation.

Our own professional fees stated above do not include “disbursements”, which are the additional costs incurred in a property sale or purchase, that are payable to other professionals and institutions, for example: The Land Registry fees, search fees, ID checks, telegraphic transfer fees. We will advise you of these separately in our initial quotation.