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solicitor fees

archer1204 Avatar
6y, 2w agoPosted 6 years, 2 weeks ago
hi i was chatting to a mate yesterday whos selling his flat and buying a cottage hes been quoted £3000 fees to me this seems a bit excessive whats your opinion and experience and is there anything he can do about it.Its the same solicitor doing both.
archer1204 Avatar
6y, 2w agoPosted 6 years, 2 weeks ago
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#1
I work for a solicitors firm specializing in conveyancing and yes that sound ridiculous!
#2
As hes about to swap contracts soon is there anything he can do about it he had to use certain solicitors else he wouldnt be able to get the mortgage.
banned#3
you sure those fees dont include the stamp duty?
#4
Even if this was for a million pound flat and cottage both leasehold, new builds on unregistered land, buy to let properties (which is pretty much the most complicated non commercial property conveyance) it shouldn't be that much
#5
Good point if that includes stamp duty it's not so ridiculous
[mod]#6
I would guess that this figure includes Stamp Duty.
#7
Used Abode (online conveyancy) for both of our house sales/purchases and they were really cheap. Also much better and quicker as all done online with text updates. Would recommend.

http://www.abodeconveyancing.co.uk/
#8
cheers for the quick replies so how much would the stamp duty if he was buying a property for about 140k?
#9
always amazes me that people moan about solicitors fees yet don't bat an eyelid at the estate agents fee which is often ten times the amount! It really is a disgrace, the estate agents often do next to nothing and the solicitor carries a lot of liability in terms of the work they carry out, plus I know if I was buying a house the legals are one thing I'd want done properly.
banned#10
roryk83
always amazes me that people moan about solicitors fees yet don't bat an eyelid at the estate agents fee which is often ten times the amount! It really is a disgrace, the estate agents often do next to nothing and the solicitor carries a lot of liability in terms of the work they carry out, plus I know if I was buying a house the legals are one thing I'd want done properly.


Apart from market the property, show people round, take sales calls, handle negotiations?
I had an estate agent who was charging £500, no sale no fee. He had the house 7 months, had 6 viewings, no offers. Changed to one who charges £2600, 34 viewings in a week, and 6 offers, house sold in 8 days. Well worth the money to me.

£3k for solicitors fees? Madness, mine are £360 for a sale only.
Stamp duty will be 1% - so about £1400, so even if thats included its still £1600 sols fees
#11
Im not moaning im just concerned as it does seem alot but wanted to check with others.Totally agree what you say about estate agent fees.
#12
colinsunderland

market the property, show people round, take sales calls, handle negotiations?
Changed to one who charges £2600. Well worth the money to me.

£3k for solicitors fees? Madness.


I don't know where to begin
[mod]#13
archer1204
cheers for the quick replies so how much would the stamp duty if he was buying a property for about 140k?


£1,400.
[mod]#14
colinsunderland
roryk83
always amazes me that people moan about solicitors fees yet don't bat an eyelid at the estate agents fee which is often ten times the amount! It really is a disgrace, the estate agents often do next to nothing and the solicitor carries a lot of liability in terms of the work they carry out, plus I know if I was buying a house the legals are one thing I'd want done properly.


Apart from market the property, show people round, take sales calls, handle negotiations?
I had an estate agent who was charging £500, no sale no fee. He had the house 7 months, had 6 viewings, no offers. Changed to one who charges £2600, 34 viewings in a week, and 6 offers, house sold in 8 days. Well worth the money to me.

£3k for solicitors fees? Madness, mine are £360 for a sale only.
Stamp duty will be 1% - so about £1400, so even if thats included its still £1600 sols fees


I bet the figure includes disbursements though as well. Such as the local authority search and all VAT.
banned#15
so does mine, although did get it cheaper as I know the solicitor. However most are charging about £450 + vat etc round here
[mod]#16
colinsunderland
so does mine, although did get it cheaper as I know the solicitor. However most are charging about £450 + vat etc round here


That is the same around here. To about £650+vat.
[mod]#17
colinsunderland
so does mine, although did get it cheaper as I know the solicitor. However most are charging about £450 + vat etc round here


You must have literally had the solicitors fees for free as the searches for when you buy will be about £200.
banned#18
yeah but I;m selling :)
[mod]#19
colinsunderland
yeah but I;m selling :)


There we are then!

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