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We’re being charged over £3k for solicitors!??
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Wouldn't be surprised if the initial quote said £2,000 excl Vat and searches, and excl Deed of Variation and similar. That’s your 2k ….Nb5123 said:
This is the breakdown of costs:Flugelhorn said:Oh dear - next time don't go for one that the EA suggests, they probably get commission.
Property will be leasehold and that can add to the costs, what sort of things have they quoted - there should be a full breakdown ie professional fees, searches, transfers, ID checks, etc etcConveyancing fee 949.00 189.80 20.00% Electronic Money Transfer Fee 80.00 16.00 20.00% Stamp Duty Land Tax Return Fee 100.00 20.00 20.00% Electronic ID Check 50.00 10.00 20.00% Preparation of Chancel Search Policy 36.00 7.20 20.00% Mortgage Admin Fee 249.00 49.80 20.00% Leasehold Fee 399.00 79.80 20.00% Notice of transfer 35.00 7.00 20.00% Notice of Charge 35.00 7.00 20.00% Preparing compliance certificate 50.00 10.00 20.00% Retention 50.00 10.00 20.00% Source Of Funds 75.00 15.00 20.00% Indemnity Insurance 75.00 15.00 20.00% Dealing with Licence to Assign 150.00 30.00 20.00% Deed of Variation 150.00 30.00 20.00% 0.00 0.00 Taxable Expenses Initial Searches 287.67 57.53 20.00% Final Searches 7.00 1.40 20.00% 0.00 0.00 0.00 0.00 Non-Taxable Expenses 0.00 Total Charges and Expenses 2777.67 Total VAT 555.53 TOTAL AMOUNT due: 3333.20
if not, why don't you provide the exact wording of the quote?1
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