Solicitors Fees

flanzer

Don't know what forum to put this in but I think it the most appropriate.

Recently bought a brand new 2 bed apartment and might have rushed into getting a solicitor without properly shopping for one. I think he may be charging me over the odds, when I subsenqently hear of other solicitors prices. Here is his total breakdown:

Professional Fee 950
Post, Courier, Fax & Miscellaneous 25

---

Total including VAT €1179.75

PLUS non vatable outlay

Land Registry Fees €375
Registration of Mortgage €125
Searches €300
Swearings €20
Continuation Searches €50

---

Total Outlays €870
_________________ ________
Invoice Total €2049.75
_________________ ________

Am I getting ripped off here? What are other peoples bills like? Does just over €2000 sound like a fair nuf deal?
Cheers

Fr Dougal

I'm buying a new 2 bed house in north co dublin, value €240K.

Solicitor is offering a package - €1950 for all legal work, registry, searches, VAT etc.

PM me if you want their details.

garred

They usually charge 1/2 % value of the house, thats what our guy does. Some charge 1% some even more.

joejoem

Most will charge 1%, thats the standard charge set out by the Law Library. If you go through a good mortgage broker they will subsidise your legal fee's. Mine were €690 + Vat and they got me better rates by .02%

trotter_inc

joejoem wrote:

Most will charge 1%, thats the standard charge set out by the Law Library. If you go through a good mortgage broker they will subsidise your legal fee's. Mine were €690 + Vat and they got me better rates by .02%

make sure you shop around

there's a company down here in cork who do it for €950 + outlays...

just got my solicitors bill....does this look about right?

Searches €200
Land Registry Registration of deeds €500 - is this correct??
Land Registry Registration of Mortgage €125
Stamp duty on mortgage €290 - I thought first time buyers were exempt from stamp duty!

mikemac

Is charging a percentage fee fair?
After all, is there realy twice as much extra work involved in handling a €400,000 apartment as opposed to a €200,000 appartment.

Obviously every case can be different and there can be extra work involved sometimes but somehow a percentage fee doesn't seem right somehow.

Maybe billing your clients hourly like you see American lawyers do would be fairer.

trotter_inc

micmclo wrote:

Is charging a percentage fee fair?

Its ridiculous in my opinion but you dont have to go with the percentage option...some solicitors have a cut-off point on their fee if they are charging a percentage...

Some solicitors charge a flat fee, regardless of the type of house...but shopping around will always get you a better deal...

Finally got the keys to my new house on Monday after 4 months of hassle! Such a relief...

Any comments on my solicitors fees above?

Lex Luthor

flanzer wrote:

Don't know what forum to put this in but I think it the most appropriate.

Recently bought a brand new 2 bed apartment and might have rushed into getting a solicitor without properly shopping for one. I think he may be charging me over the odds, when I subsenqently hear of other solicitors prices. Here is his total breakdown:

Professional Fee 950
Post, Courier, Fax & Miscellaneous 25

---

Total including VAT €1179.75

PLUS non vatable outlay

Land Registry Fees €375
Registration of Mortgage €125
Searches €300
Swearings €20
Continuation Searches €50

---

Total Outlays €870
_________________ ________
Invoice Total €2049.75
_________________ ________

Am I getting ripped off here? What are other peoples bills like? Does just over €2000 sound like a fair nuf deal?
Cheers

Those prices are good. You'll struggle to beat that anywhere

Noelie

trotter_inc wrote:

make sure you shop around

there's a company down here in cork who do it for €950 + outlays...

just got my solicitors bill....does this look about right?

Searches €200
Land Registry Registration of deeds €500 - is this correct??
Land Registry Registration of Mortgage €125
Stamp duty on mortgage €290 - I thought first time buyers were exempt from stamp duty!

Searches seem a little high I paid 150 for mine, If your property if freehold your Land registry is correct.
Stamp duty on your mortgage is different from stampduty on the property, it's 1euro per thousand

Claw Hammer

Reputation is more important than price. there is noting more expensive than a cheap expert!