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Thread: buying a new house... solicitors rip off

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    Regular Member Andy's Avatar
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    Default buying a new house... solicitors rip off

    Just had a quick quote for solictors costs for buying a new house. Including stamp duty, they quoted £3K+ !!! I never imagined it woud be that much..

    Do new houses still need all the searches etc

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    Regular Member Ian's Avatar
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    yep, they need to know what services are buried in your garden, what rights of access you will have etc.

    stamp duty will be most of that, selling parts pretty cheap!!

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    Regular Member Brocks's Avatar
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    Yup thats about right. You can do the searches youself but that will only save £100 tops. Most of it is stamp duty and if the property is over £50k (?) you've no hope of quashing that. Does the quote include selling a property too? that could add another say £500.

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    Regular Member Andy's Avatar
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    the quote is actually £2700 approx, for buying the new house (brand new) of which £1750!!! is stamp duty. Then as you say brocks, theyve added another £500 to sell our current house.

    Still quite stunned its so expensive though.

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    Regular Member Brocks's Avatar
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    Rule of thumb is the solicitors fee to buy is double the sale,

    In the past I've paid 500 to buy in the SE (Surrey/hants border)

    750 to buy and sell in the NW

    +duty searches etc

    So 500 for a sale (normally cheaper) to me is a little proud. Shop around and rememmber your solicitor doesn't have to be local. I sold the place in the SE using a NW solicitor. Everything done by phone/ fax/ post. Just as quick!

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    Regular Member Doug-SRidirect's Avatar
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    stamp duty = 1% up to £250k, 3% £250k to £500k, 4%(eek) over £500k

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    Solicitors ie, Waste of space, time and money.
    Vowed last year to never, ever, use one again.

    In my humble opinion of course.

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    Regular Member Brocks's Avatar
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    True, you don't actually HAVE to use a Solicitor. Would recomend it though. You could get stiffed left right and so on...

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    Regular Member R-man's Avatar
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    Andy be aware mate that some mortgage companies allow you to put your stamp duty in the mortgage. We did it last time, saved us finding that extra money out of our own pockets. Might be worth checking.

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    [Ex]Admin Duncan's Avatar
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    Quote Originally Posted by R-man
    Andy be aware mate that some mortgage companies allow you to put your stamp duty in the mortgage. We did it last time, saved us finding that extra money out of our own pockets. Might be worth checking.
    But don't forget, over the period of the mortage you'll be paying a lot of extra interest on the (stamp duty) amount. But as you say, an option if the £3k isn't exactly lying around burning a hole!

    D

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