Solicitor Switching Costs

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test123

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We recently switched mortgages, availing of KBC €1000 solicitor switching costs.
We got the bill from the solicitor last week, totalling €1700.
His fee along was €1000, Vat, land registry fees & searches make up the remainder €700
I had foolishly assumed the €1000, would have covered all of the above.
As he was a friend we neglected to get a written quote, we were assured verbally his fee would only be a ‘few hundred’
Anyone any experience in switching mortgages? Did the €1000 KBC offer cover the Vat, land registry fees & search fees?
 
test123 said:
As he was a friend we neglected to get a written quote, we were assured verbally his fee would only be a ‘few hundred’


Anyone any experience in switching mortgages? Did the €1000 KBC offer cover the Vat, land registry fees & search fees?
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The VAT, land registery fees and searches are not the solicitors fee. They are outside his control.

How much did you think his fee would be, you mention he said a few hundred. You have to query that aspect with him.

For your second question, does the 1K cover everything. Based on your bill do you really expect a solicitor to do this work for 300 Euro.

As you now know it is always advisable to get a written quote. Especially from a friend. And professionals should always provide one as it is best practice. I do believe it is compulsory for solicitors - do they not teach this in law school.
 
Ok, lesson learnt, get quotes off friends and family members!
I wasn't made aware by KBC or anywhere about mortgage switching costs of the land registery and searches fees
I was made aware of the valuation reports cost.
 
I asked my local solicitor about switching and was told it would cost about 1250 inc VAT and all fees etc. Additionally I'd have to pay 130 for a valuation.
 
test123 said:
Ok, lesson learnt, get quotes off friends and family members!
I wasn't made aware by KBC or anywhere about mortgage switching costs of the land registery and searches fees
I was made aware of the valuation reports cost.
Click to expand...

It's not KBC's role. But your solicitor should have told you. (Why don't they do a standard format document for people as it seems to me people haven't got a clue)
 
shweeney said:
I asked my local solicitor about switching and was told it would cost about 1250 inc VAT and all fees etc. Additionally I'd have to pay 130 for a valuation.
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That's a very good quote, but of course switching is a whole different ball game to the legals of purchasing.
 
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