Some of the offers pitched as low cost services (e.g. €x + VAT + outlay) can actually work out more expensive than going to another independent solicitor whose professional conveyancing fee (€x) will actually be lower. Don't assume that the "discount" offers are necessarily the best. Shop around. And not just on price alone either.ninsaga said:Guess it comes to show that the time for excessive legal fees associated with home buying & selling is becoming a thing of the past.
Interest only mortgages
This is sometimes called a tracker mortgage . You only pay interest instead of capital which makes for lower repayments. Not all lending institutions offer this option. We at homelawdirect can offer you strong financial advice in respect of the best option for you.
It may be worth considering taking an interest only mortgage for a specified period of time agreed with your lending institution & thereafter paying capital & interest.
ClubMan said:What is the €1,700 figure? Solicitor's conveyancing fee only? Or fee plus outlay? Or an all encompassing figure including VAT?
Normally the only a priori hard/known figure is the solicitor's conveyancing fee (which should be anywhere from €600 to €1,000 or even higher as far as I know). The outlay cannot normally be accurately estimated up front but only when the work is done. Or maybe here they know enough to be able to do this for a flat rate in this case? On the face of it I reckon that €1,700 in total would not be excessive but (a) I'm not clear if this is an all encompassing figure and (b) the fee alone says nothing about the quality of the service that you will get. €1,700 would be very expensive if it turned out that they got a rookie or incompetent solicitor to do the job and they missed some obvious or subtle problem!
Whatever the price it would be prudent to shop around anyway and try to get good recommendations from trusted family, friends and colleagues. I personally would prioritise reliability over price but would obviously try to keep price low too.LizardKing said:I think its €1700 and this includes the outlay and vat .... (have the leaflet @ home )
Interest only mortgages
This is sometimes called a tracker mortgage . You only pay interest instead of capital which makes for lower repayments. Not all lending institutions offer this option. We at homelawdirect can offer you strong financial advice in respect of the best option for you.
It may be worth considering taking an interest only mortgage for a specified period of time agreed with your lending institution & thereafter paying capital & interest.
Not necessarily - stamp duty at 0.1% subject to a cap of €630 is charged on mortgages in excess of €254K unless the rules or rates/amounts have changed this [broken link removed] was published. This is separate from SD on the property itself which is 0% for FTBs of new properties under 125sqm.LizardKing said:Price Excludes stamp duty
(not relevant to me , 1st time buyer of new property less than 125 sqm)
Once again - price alone should not be the main or only arbiter here.My Sister works in a solicitors office and has said this is a good offer , as you could pay anything up to €2500 for conveyancing ...
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