| Body | Hello,
I am a first time buyer. Earning about £41,000 a year with guaranteed On-call money factored in. I just got a Mortgage certificate and I can borrow up to £170,000.
It was firstmortgage.co.uk I ended up going with and they referred me to a Solicitor in Glasgow called "McVey & Murricane".
They've given me the following quote but I haven't agreed to anything yet:
**MMiConveyancing Quotation**
Purchase price: £170,000.00
Mortgage: £1.00
**Government Costs**
Land and Buildings Transaction Tax (LBTT): £500
Registration Costs: £480.00
Online ID Check: £7.00
LR Advance Notice: £20.00
VAT: £160.40
**Legal Fees**
Purchase Legal Fee: £795.00
**Total Costs**
Total Costs: £1,962.40
If you are a First Time Buyer, Total Costs are £1,462.40
So as I'm a first time buyer I believe my solicitor fees will be £1,462.40.
I've did some searching and it seems like this Solicitor has really great reviews. 4.8 out of 5 (based on 1,315 reviews on google)
It's also who my Mortgage Broker referred me to. So I'm wondering if my quotation seems in line with standard Solicitor fees or if I should maybe start looking for alternatives? I've spoken to a few friends to get some advice and it seems like maybe £1,462.40 is on the steeper side.
Thanks for any help in advance! |
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