You don't need to be an 'investor' to invest in Singletrack: 6 days left: 95% of target - Find out more
My mum's solicitor and Est Agent wanting to charge 1% each...seems a little steep to me, your thoughts?
In Northern Ireland FWIW
1% is actually rather reasonable.
+vat?
EA is cheap even if added VAT, Solicitor is ballpark.
Solicitor should not charge based on a percentage, I am assuming this is you just translating it. Actual work done can vary a lot and thus so will the price.
Agent fee reasonable, many charge more
EDIT: as above plus VAT
1.5% with EA when we had our house on the market. They took on the marketing at no cost to us, no sale no charge.
Estate Agent fee is pretty standard I think, not sure about the solicitor.
Cheers all - just needed a sense check.
I paid less selling in Scotland, and propery pre-dates REgistry, but that shouldn't add to seller's work.
You not allowed to do any of the work yourself?
Conveyancing cost shouldn't be directly related to the value of the property being transferred.
EA, pretty standard rate, as others have said. Sole Agency?
At least she's not being robbed by the seller's report scam.
Solicitors, rather than dedicated conveyancers, often charge a %age for conveyancing.
glupton - no, Im neither Eng qualified nor currently practising, nor have I a clue about coveyancing.
There's some energy efficiency report to do 🙁
Scots system seems to favour the profit margins of surveyors even more than it used to.
Home sellers report, revaluation after 90 days, the a potential buyers one for the mortgage lender.
(I've spent £600 so far on surveyors reports)
Al I'm in NI and selling my house. 1 percent is standard for EA. sol should be about 500 or so. My Mrs is a sol and that's what she tells me.
Edit EPC is 55 quid
EA in our village charges a fixed 1% of the final sale price to sell a house..
I'm currently selling in England so may be different to ni but ea fees were £2k plus vat flat fee which is less than 1%. House type was in demand so knew they wouldn't have to work hard to sell it - it sold in 2 weeks.
£500 for solicitor selling fees so 1% sounds far too high.
We are paying 1% to the estate agent, the solicitors fee is fixed amount, though I think it goes up as you sale price moves up through certain brackets.
Small hijack, just wondering that all these searches such as environmental, drainage etc that you normally get on your new house, are they all required to satisfy the mortgage lender, or do the solicitors just do a 'standard' package without asking if you want certain parts?
I wouldn't demand the seller does the work, its you buying the house, and presumably yourself that has selected someone to do a damp survey, then you should be prepared to accept a discount. Its rare a seller will do any work on your behalf, especially if the survey was done by a damp firm, after all, they are far from independent/without bias!
[quote=onehundredthidiot ]Scots system seems to favour the profit margins of surveyors even more than it used to.
Home sellers report, revaluation after 90 days, the a potential buyers one for the mortgage lender.
(I've spent £600 so far on surveyors reports)
I sold a house last year and all the offers were OK based on the Sellers Report - i.e. none of the lenders wanted another survey completed.
I paid 1.75% in that London, and that was discounted.
Solicitor's fees were linked to house price, but not a %age of, rather a fixed fee for a range of house prices.
Druidh agree with you but apparently some lenders disagree