We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
£3000 for Conveyance fees is this high ?
Helen27
Posts: 58 Forumite
Hi all we are purchasing a 2 bed flat leasehold for under 150 000 and the fees are 3000 including 350 stamp duty. Do you think this is high? It is a probate property thank you
0
Comments
-
If that is including SDLT, does it also include VAT, Land Registry fees, search costs and so on? How much of it is the actual legal fee?2
-
Yes that does sound very high. Is it a listed building, in a conservation areas....or is there something which means the solicitors need to do more than the average amount of work?0
-
You should shop around for a conveyancer, fees can vary significantly.0
-
We paid about £2100 all in for a £140k 2 bed flat, with no SDLT involved. Was a reasonable price compared with some other quotes we got.0
-
Family member recently paid £1800 ( inc VAT) no SDLT for a freehold house worth just under £600K.
A couple of other quotes were in the £2200 to £2500 region ( some never bothered to quote)
I presume leaseholds mean more work for the conveyancer.
The house was in SE England, but the solicitors were in Manchester, hence the cheaper price I guess.
They were very efficient and responded quickly to all queries.0 -
Thank you for your replies they help a lot.
0 -
You can get cheaper, absolutely certainly. But for someone decent, who hasn't taken on too much work, it's not a stupid amount of money.0
-
There is a good chance that the fee may also include costs for dealing with Building Safety Act '22 which will bump things up. That said, the earlier reply confirming that it wasn't possible to know whether it was reasonable or not without seeing a breakdown is correct.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
Balance as at 31/08/25 = £ 95,450.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
The fee does seem high, but you haven't given any details as to how they reached that figure so it's difficult to comment.
There was a thread on here yesterday regarding fees of £2650 ish and you can see from the OP's post what they have been charged for the various aspects of the transaction. I didn't think the fee was outrageously high to be honest. Leasehold transactions are always higher than freehold transactions because these can be complicated.
0 -
Bizarrely it's almost exactly the same price as another recent leasehold purchase on this forum. (https://forums.moneysavingexpert.com/discussion/comment/81647820 ).
I personally think the price isn't crazy, considering it's leasehold.
A lot also depends on where you are, what is required, etc.Know what you don't0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.9K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.1K Spending & Discounts
- 245K Work, Benefits & Business
- 600.5K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards