How much do you normally pay in legal fees to purchase?
Discussion
I'm looking to buy a fairly simple property at auction tomorrow (£125k detached freehold, registered title) and need to have solicitors ready to instruct.
I could do it myself but on this occassion I'd rather not if I can help it.
I'd had a quote back based on a recommendation which seems a little on the high side, given that at auction they don't have to do any pre-contract work and all the searches have been carried out.
I could do it myself but on this occassion I'd rather not if I can help it.
I'd had a quote back based on a recommendation which seems a little on the high side, given that at auction they don't have to do any pre-contract work and all the searches have been carried out.
Our Costs £350.00
VAT thereon £70.00
Additional Legal Charge: TT fee £36.00
Purchase Disbursements
Local Search provided in auction pack £0.00
Drainage Search provided in Auction Pack £0.00
HM Land Registry Search Costs £8.00
Land Registry Fee £200.00
Additional Search (if required)
Environmental and Chancel Searches £57.19
Your Total Quote £721.19
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I'm not sure why they are suggesting a environmental and chancel search after we have already exchanged.
The £36.00 fee is also in breach of the SRA code of conduct as it's actually a disbursement and costs nearer to £8.
It seems like quite a lot for what is half of the normal job, post contract only.
VAT thereon £70.00
Additional Legal Charge: TT fee £36.00
Purchase Disbursements
Local Search provided in auction pack £0.00
Drainage Search provided in Auction Pack £0.00
HM Land Registry Search Costs £8.00
Land Registry Fee £200.00
Additional Search (if required)
Environmental and Chancel Searches £57.19
Your Total Quote £721.19
---
I'm not sure why they are suggesting a environmental and chancel search after we have already exchanged.
The £36.00 fee is also in breach of the SRA code of conduct as it's actually a disbursement and costs nearer to £8.
It seems like quite a lot for what is half of the normal job, post contract only.
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