Tradefair & Financials
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The Estate agents who are trying to sell my house, put me in touch with Their freindly Solicitors One hundered miles away.
The Solicitors want to charge me Approx £840 (then add VAT), i notice in the small print, my Estate agents are getting £360 (+ Vat).
I can get a Conveyancing Solicitor myself for about £440 (+ Vat)
Are there any Disadvantages to me doing this??
Property is under £200,000
I have No onward chain.
Thanks in advance for any Helpful replies.
The Solicitors want to charge me Approx £840 (then add VAT), i notice in the small print, my Estate agents are getting £360 (+ Vat).
I can get a Conveyancing Solicitor myself for about £440 (+ Vat)
Are there any Disadvantages to me doing this??
Property is under £200,000
I have No onward chain.
Thanks in advance for any Helpful replies.
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The £360 + Vat is for "Providing transaction management services, 9am - 8pm customer service, Text updates"
I have already got the HIP done, £300 + Vat Upfront. |
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Sounds like a con tbh. that said the vast majority of conveying outfits are useless and I would tend to say it is worth paying a little more for a good service. A good service is not easy to find and personal recommendation is the key. City center firms that are mutli disciplinary with no feeder routes tend to be better as they have no allegiance with the EA's or MBs etc.
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PS - your EA is already paid to manage the transaction and should be liaising with all parties under the agreed fee with him. This looks like a kickback pure and simple.
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Last year, I use an online solicitor and I'm very happy. Save me thousands. I used to use local solicitor only.
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Jim i agree,it reads as "Kickback".
The Solicitors say they only charge £220 + Vat, then show the other Sales fees as, Bank Transfer £35 (£20 eleswhere and i Will need 2). Mortgage Admin £95. Electronic Client Identification £8. Office Copy Entries (Other fees & 3rd Party Costs) £16. |
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Sid
Absilutely no benefit whatsoever of using Estate Agents solicitor. Choose your own and save yoself some money! |
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Hewitsons, Cambridge do all my property work.
Brilliant service . Makes you really feel like a customer. Not bargain basement cheap but you get what you pay for in this world. The cheap ones get their secretaries to do much of the work. I like to deal with a real lawyer who takes responsibility for my job. |
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movewithus - Ipswich, done my HIP and it looks as though the Estate agent got £50 out of that.
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Its all probably done by some robot anyway now, I would tell them to stick it up their arse the cheeky**s!! Tell them to be happy with taking a cut of an overinflated asset, because the next few years will mean less of the house price bubble to chew on in fees.
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