Conveyancing new build

Discussion in 'Askaboutlaw' started by Sunshine26, Mar 17, 2017.

  1. Sunshine26

    Sunshine26 Registered User

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    13
    Our solicitor has increased his original agreed fees by over 50% as we are buying a new build which has yet to be registered with the Land Registry. I understand that we will have to pay a fee for this too.The site is owned by Nama and this is another reason he has given for his increased fees. Do these increases seem justified... it is difficult for us as buyers to know?
     
  2. Vanilla

    Vanilla Frequent Poster

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    4,048
    Reading between the lines, a first registration is required possibly as title is registry of deeds. Depending on the title, this can be anywhere from straightforward to very difficult.

    Also NAMA sale means massive burden falls on purchaser's solicitor as NAMA won't comply with normal vendor standard warranties, so yes,, increased fees very justified on both counts. Along with extra outlays payable to third parties.
     
  3. Sunshine26

    Sunshine26 Registered User

    Posts:
    13
    Thanks for your reply Vanilla glad to see the costs seem justified. Would the above delay us signing the contract or are these issues dealt with post contract- I know the developers solicitor are keen for us to sign but also know there may be a delay based on the above?