Is this reasonable conveyancing fees?

19
Posted 31st Oct 2020
Assumed purchase price£210,000

Savings / equity available£0

Is the property being purchased under a Shared Ownership scheme?No
Will property being purchased require a mortgage?Yes
Are any monies being gifted towards the purchase by a third party (eg: relative?)No
Is the property Leasehold or under Housing Association Shared Ownership scheme?Yes
Can the purchaser/s be determined as a First Time Buyer?Yes
Are the clients buying a residential property? Yes

Estimate of costs

Estate agency fees on sale Sale price of current property£0 1.75%+VAT£0.00
Is the current property mortgaged?No
Is the property Leasehold?No

Legal fees on the sale of your property£0

Legal fees on redemption and removal of a registered mortgage (each)£0

VAT and other estimated third party costs on the sale conveyancing**£0.00

Legal fees on the purchase of your property£1,049

Legal fees to prepare and submit Stamp Duty Land Tax Return£100

Legal fees for acting for your Lender in securing the mortgage (payable by you)£190

Legal fees for acting for your Lender in verifying the source of funds gifted to you by a third party £0

VAT and other estimated third party costs on the purchase conveyancing**£893

Costs to write a Will (Incl. VAT)Mirror Wills£222

Stamp duty£0

Additional Stamp Duty Levy ***£0

Stamp duty if a Shared Ownership purchase

Our Administration Fee structure is as follows: £99 payable for Residential property customers and £149 payable for BTL property customers£99

Valuation Fee to Lender£325

Higher lending charge *£0

Arrangement booking fee *£0

Broker Fee - Payable to usLifetime fee£599

Estimate of total costs (INCLUDING Additional Stamp Duty Levy ***)£3,477

Estimate of total costs (EXCLUDING Additional Stamp Duty Levy ***)£3,477



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Deal of mortgage covers the 599£ fee so fine with broker fee.
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