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Hi,
I’m looking for advice on an invoice of fees my conveyancing solicitor has just sent me.
The property I am buying is unregistered, so there is a fee for the additional work in respect of this. Fair enough.
The solicitor is not on my lender’s panel and so, this has been subbed out to another firm.
My solicitor is charging an additional fee of £250 for dealing with another solicitor acting for my lender, in addition to me having to pay £480 to the other solicitor for their actual service.
Additionally, although the ‘normal’ fee of £300 is payable for my solicitor’s work in relation to the unregistered property, they’ve doubled this as has they had to report to both us and the lenders solicitors.
All of the above is also subject to VAT, which comes to £660 additional cost, which we were not expecting.
Oh, and finally, there is a charge titled ‘self-issue indemnity insurance fee’, which is for the time taken by my solicitor to raise enquiries with the vendor’s solicitor in respect of the lack of building regulation certificates on the property. This is another £250+VAT, giving a total of £960 additional cost to my original estimate of fees.
TO give context, the vendor is actually my mother and her solicitor actually works for the same firm as mine.
As I have no idea what I should expect, I was hoping someone could please advise.
I just want to know if these fees a considered usual and fair.
Thanks in anticipation.
Farouk B
I’m looking for advice on an invoice of fees my conveyancing solicitor has just sent me.
The property I am buying is unregistered, so there is a fee for the additional work in respect of this. Fair enough.
The solicitor is not on my lender’s panel and so, this has been subbed out to another firm.
My solicitor is charging an additional fee of £250 for dealing with another solicitor acting for my lender, in addition to me having to pay £480 to the other solicitor for their actual service.
Additionally, although the ‘normal’ fee of £300 is payable for my solicitor’s work in relation to the unregistered property, they’ve doubled this as has they had to report to both us and the lenders solicitors.
All of the above is also subject to VAT, which comes to £660 additional cost, which we were not expecting.
Oh, and finally, there is a charge titled ‘self-issue indemnity insurance fee’, which is for the time taken by my solicitor to raise enquiries with the vendor’s solicitor in respect of the lack of building regulation certificates on the property. This is another £250+VAT, giving a total of £960 additional cost to my original estimate of fees.
TO give context, the vendor is actually my mother and her solicitor actually works for the same firm as mine.
As I have no idea what I should expect, I was hoping someone could please advise.
I just want to know if these fees a considered usual and fair.
Thanks in anticipation.
Farouk B
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