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Solicitors fees for house purchase

  • 14-01-2014 12:58pm
    #1
    Registered Users Posts: 3


    Shopping around for solicitor at the moment. Just had first quote for legal fees for house purchase, broken down as follows:
    Prof fees: €1300
    Vat:€299
    Outlays
    Stamp duty 1% house purchase: tbc
    Searches on title €99
    land registry fee on purchase deed: €700
    land registry fee on mortgage: €175
    land registry fee on folio & map: €40
    commissioners fees: €20

    I know the outlay costs are fixed but the professional fees look a bit steep to me - any opinions? We are looking at properties in region 330-370k.

    Thanks :)


Comments

  • Registered Users, Registered Users 2 Posts: 1,476 ✭✭✭sarkozy


    That seems in the ballpark in my experience. You might get lower, but to be honest, a strong recommendation/reference for a solicitor is worth the money you'll save. So ask friends/colleagues for one.

    It's not a rule, but the cheaper solicitors may not be as good - they may not provide the efficiency of service you require, adding to the stress. But this isn't always the case by any means.

    But scrimping on a solicitor without recommendations may literally cost you the roof over your head if they don't do everything perfectly and allow you to make an informed decision/make informed instructions to your solicitor.

    I'm also not sure whether the Law Society limits solicitors fees to within a limit?


  • Registered Users Posts: 794 ✭✭✭jackal


    We purchased 3 months ago. Relatively It was a first registration and included vesting a leasehold property to freehold.

    Professional Fee €1650.00
    Vat on Professional Fee @23% €379.50
    Stamp Duty
    Stamp Duty @1% on Purchase Price
    Other Outlays
    Searches €230 .00
    Administrative Fee incl VAT €123.00
    Commissioners Fees €24.00
    Land Registry Fees
    Application for first registration and vesting cert €535.00
    Folio & File Plan €40.00

    Similar enough to yourself, you have gotten a cheaper professional fee.


  • Closed Accounts Posts: 71 ✭✭caew


    I agree it is worth paying a bit more for a recommended solicitor. Mine charges €950 professional fee plus VAT but that is a discounted rate as my work use the firm. The other half rang around and got quotes for €750 and €800 for the professional fee. However, I am sticking with my solicitor as the peace of mind she will do a proper job is worth more than a couple of hundred to me.


  • Registered Users, Registered Users 2 Posts: 4,359 ✭✭✭jon1981


    caew wrote: »
    I agree it is worth paying a bit more for a recommended solicitor. Mine charges €950 professional fee plus VAT but that is a discounted rate as my work use the firm. The other half rang around and got quotes for €750 and €800 for the professional fee. However, I am sticking with my solicitor as the peace of mind she will do a proper job is worth more than a couple of hundred to me.

    agreed, totally worth the extra for a diligent and detail orientated solicitor. Mine was like a bull chasing certs and compliance statements, ensuring no issues and delays.

    850 + vat for the solicitor plus the other charges such as land registry...etc. all in it came to 2100.


  • Registered Users Posts: 97 ✭✭JR1210


    Im going to have to start looking for one soon

    Any recommendations around Blanchardstown area?


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  • Registered Users, Registered Users 2 Posts: 8,184 ✭✭✭riclad


    Theres plenty of nice houses in clonsilla,
    try not to buy near council estates .
    Roselawn is a nice area with a good shopping centre,
    Thats a fair price.


  • Registered Users Posts: 3 mrsskiggs


    Thanks a lot for all the replies folks, good to know that seems to be about right :)

    Im looking for one in D5 myself so wouldn't be able to recommend one in Blanch, sorry


  • Registered Users, Registered Users 2 Posts: 4,502 ✭✭✭chris85


    mrsskiggs wrote: »
    Thanks a lot for all the replies folks, good to know that seems to be about right :)

    Im looking for one in D5 myself so wouldn't be able to recommend one in Blanch, sorry

    Tough market in D5 at moment isnt it? Suppose depends on budget!


  • Registered Users Posts: 3 mrsskiggs


    Looking for the solicitor in d5 as that's where we're renting! A nice house in D5 would be fantastic but yes it's v tough market. We're looking in Artane/Beaumont/Raheny/Bayside/Kilbarrack areas - not much coming on either it's fairly grim!


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