L&C conveyancing quote

Lexi30
Lexi30 Forumite Posts: 22
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in Mortgages & endowments
Hi, first time buyer here looking for advice. I have an AIP with L&C and they have sent me a conveyancing quote (photo attached)
Does this seem reasonable? 
Thanks in advance for any help.

Comments

  • ACG
    ACG Forumite Posts: 23,238
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    What is the purchase price? 
    Is it freehold or leasehold? 
    Is it a normal high street lender or a specialist/bad credit lender? 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • kingstreet
    kingstreet Forumite Posts: 38,319
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    Just done a quote for a freehold £200k FTB purchase and the total was £1,297 inc VAT. No gifted deposit assumed.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • simon_or
    simon_or Forumite Posts: 890
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    You can always compare using a comparison website
    https://www.moneysupermarket.com/conveyancing/
  • Lexi30
    Lexi30 Forumite Posts: 22
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    Freehold, no bad credit 
  • ACG
    ACG Forumite Posts: 23,238
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    It looks like they must be getting a kickback of about £300 on that. 
    The guys we use are coming back similar to kingstreet at about £1,250 and thats with them giving us £100 kickback. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • amnblog
    amnblog Forumite Posts: 12,219
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    I believe the correct term is 'Introduction Fee' ACG.

    Lets leave the Kickbacks to Big Sam
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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