Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

House purchase solicitor fee

14 replies

tomylee · 26/01/2019 13:10

Hi, I am at the initial stages of house purchase and need a good solicitor to deal with the transaction. There are many online solicitors and I can see there are plenty of hidden charges apart from their fees. How much will it cost for a freehold house price at £450,000. I also need a solicitor who will be accessible during office hours. Any recommendations.
Thanks in advance.
T Lee

OP posts:
Riotingbananas · 26/01/2019 13:16

Lots of companies do online estimates. I've put your figure into the estimator on the website of the conveyancing company I use (they are brilliant and are a company with an office, not online) and it came out at £13,913.20 including £12500 stamp duty.

The online companies might appear cheap, but as you say, there are hidden charges and getting hold of a person who actually knows about your case can be difficult. I'd stick with a local company with good reviews personally.

tomylee · 26/01/2019 13:31

I have received a quote from a local solicitor with good reviews and their quote seems to be very low, £8,850 including stamp duty. They were answering the phone today, saturday! which is very easy for me as I am not working today.

OP posts:
wowfudge · 26/01/2019 13:43

With respect, the stamp duty is nothing to do with the solicitor's fee. I'd be concerned to check you have been given the correct figure with there being such a difference between the two quotes.

PlaceLDN · 26/01/2019 13:58

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

keepondreaming · 26/01/2019 14:05

Are you first time buyer? If so, stamp duty will be £7,500.

PlaceLDN · 26/01/2019 14:28

Yes that's right;

@ Purchase Price £450,000

First Time Buyer: £7,500
Non-First time Buyer and only property: £12,500
Second property purchase: £26,000

I assumed you were not a first time buyer from the tone of your message as you sounded experienced but I may be wrong and that could explain the lower overall quote from your local solicitor firm.

Riotingbananas · 26/01/2019 14:56

Ah, I'd put you down as a non- first time buyer too. Here's the breakdown of fees from the company I use if its any help:

House purchase solicitor fee
Magstermay · 27/01/2019 10:14

I would go on a recommendation if possible and use a local firm so you can go into the offices if necessary.

Spickle · 27/01/2019 19:33

Riotingbananas - the land registry search fee is £3 per document, so a leasehold property would need at least 4 x £3, i.e. leasehold title, leasehold plan, freehold title, freehold plan and probably the lease.

Riotingbananas · 27/01/2019 22:41

OP is buying freehold though isn't she?

Spickle · 27/01/2019 22:44

Would still need two documents, title and title plan and possibly any Transfers or Conveyances listed within the title.

Riotingbananas · 27/01/2019 22:55

Am a bit confused what point you're making - those are the costs copied and pasted from the website of the company I use. That's what they charge shrugs shoulders

Minniemountain · 28/01/2019 13:55

Spickle the Land Registry search on that list is a search not a document. The seller pays for title documents, though some buyers firms get a copy of the plan to do the local authority and other searches.

Get a few quotes OP. Most firms base their fees on property value. It's handy to use a local one so you can drop documents in or collect things.

BTW is the house on a newish estate that has a management company for shared outside space? That can add to the fees.

JessieMcJessie · 28/01/2019 15:47

Solicitors don’t have “hidden charges”. Our professional body has strict rules about transparency in fee quotes. (I’m not a conveyancer).
Try Foot Anstey and get an online quote, they were good when we bought our house.

New posts on this thread. Refresh page