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Cost of moving
mariglennn
Posts: 3 Newbie
Hello everyone,
I am planning to get a flat, I am a first time buyer and I was wondering how much the solicitor fees and mortgage broker are? Iv just got a price breakdown and I don’t know if it’s a fair price or they’re ripping me off .
I am planning to get a flat, I am a first time buyer and I was wondering how much the solicitor fees and mortgage broker are? Iv just got a price breakdown and I don’t know if it’s a fair price or they’re ripping me off .
Thank you
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Comments
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Get multiple quotes?Our mortgage broker is £400
solicitors is ~1.5k -buying freehold house,£X amount. Many factors can influence the quote. I’m sure a flat includes extra work with leases etc?
(however there’s additional costs not included, eg the lender using a portal, if we exchange and complete on same day/further than two weeks, etc). There were extra fees on there for leases etc but we are buying a freehold house so I didn’t pay attention.
We aimed for four quotes, only two responded. Both were in a similar price. So we then based the decision on communication.0 -
Broker free
solicitor £1200DIP 09/02/21
Offer on property 17/02/21
Offer accepted 18/02/21
Mortgage application submitted 22/02/21
Desktop valuation 22/02/21
Mortgage offer received 22/02/21
Solicitor instructed 23/02/21
Draft contract received and enquiries sent 02/03/21
searches back 08/03/21
Enquiries back 10/06/21
Exchanged 23/06/210 -
Last night I stumped up £1,900 all in.Nothing is foolproof to a talented fool.0
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Thanks everyone for the answers
so the total is £2.379
Seems a bit pricey to be honest
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Our solicitor cost didn’t include a will or the broker fee ~744. Removing that it’s down to ~1635. Which is 135 more than ours.
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That’s expensive & do you need a will?I am an Independent Financial Adviser (IFA). Any posts on here are for information and discussion purposes only and should not be seen as financial advice.0
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The broker fee is expensive!I am an Independent Financial Adviser (IFA). Any posts on here are for information and discussion purposes only and should not be seen as financial advice.1
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I don’t need nowjr4 said:That’s expensive & do you need a will?
I am not planning to die soo lol
erm, so what should I do ? Any chance them knocking the price down a little bit?0 -
Just go elsewhere. Don't go with EA's associated/recommend solicitor. You don't have to use a broker with a fee, many will claim payment from the lender.
2024 wins: *must start comping again!*0
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