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Solicitor's fees for purchasing a new build

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  • 05-08-2017 5:29pm
    #1
    harrybrown
    Registered Users Posts: 2 ✭


    Hey folks,

    New user here on Boards.

    I've found some similar threads but none that are too up to date. Would really appreciate any advice that we can get.

    We're in the process of buying a house and are currently pricing up solicitors. Advice I've gotten so far is just to make sure we get a decent one who knows what they're doing, as they can literally make or break the sale.

    Quality aside, the ballpark quotations I've gotten are as follows:

    House price: €295,000

    Professional fee: €1,100
    VAT @ 23%: €260
    Stamp duty (minus builder's VAT): €2,600
    Deed: €700
    Opening folio: €75
    Mortgage: €175
    Folio: €5
    Search fees: €200
    Commissioner fees: €10
    Outlays: €20

    Total: €5,145

    Are these kind of prices okay? Any thoughts appreciated.
    Tagged:


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    #2
    1641
    Registered Users Posts: 1,258 ✭✭✭1641


    I can't comment on a new house specifically. But the only one of the above the Solicitor has any control over is the professional fee (+vat). The rest are fees he/she has to pay on your behalf, and should be standard. The professional fee seems fine. There may be some other incidental expenses (not fees) to pay.

    As you say, look for quality first, preferably a personal recommendation for conveyancing.


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    #3
    Gumbo
    Moderators, Society & Culture Moderators Posts: 38,549 Mod ✭✭✭✭Gumbo


    Seems normal.
    We pod €1000 plus vat as our professional fee and then all the usual outlays which the solicitor cannot control.

    It used to be cheaper 10 years ago as the seed registration wasn't mandatory so you could save approx €700 but since 2011 or some year in and around then the deed registration became mandatory so it has to be paid.


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    #4
    Paddytheman
    Registered Users Posts: 271 ✭✭Paddytheman


    Just checked against ours, discounting the stamp duty ours was €2290 as opposed to €2545 for yours. Ours came highly reccomended and was very pleasant and organised to deal with. PM me if you want her info.


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    #5
    KathleenF
    Registered Users Posts: 333 ✭✭KathleenF


    Quoted €2k for solicitor fees buying a new build.


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    #6
    harrybrown
    Registered Users Posts: 2 ✭harrybrown


    Thanks a lot for your thoughts folks.

    @paddytheman will definitely give you a shout for your solicitor's details, thanks.

    @kathleenf, €2k does seem a pretty expensive for a new build based on the five or six quotes I've already gotten. Quality definitely matters but I'd imagine you can get something cheaper than that.


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