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9 months 3 weeks ago #510637 by DiminishedPatience
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9 months 3 weeks ago #510640 by WYSPECIAL
Replied by WYSPECIAL on topic Re:Conveyancing costs
Does the £203 include the Land Registry fees or is it just their professional charges?

If you have a lender they may insist you use a professional if not you could get the forms and do it yourself.

I'm not an expert on solicitors fees (Charles may comment) but I would personally be happy to pay that fee. It is a tiny proportion of the value of the asset and could save you a lot of time, and money, if you were to make a mistake doing it yourself

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9 months 3 weeks ago #510641 by DiminishedPatience
Replied by DiminishedPatience on topic Re:Conveyancing costs
Thanks for response. The fee does include the land registry charges. It is a straight forward transfer of equity and title. There will be no lenders as the mortgage is being paid off on the same day as transfer. I suppose £203 in the whole scheme of three years of divorce/finance legal fees is a drop in the ocean just to get it done.

Am I correct in believing that I don't incur stamp duty etc, as it is going into my sole name as a result of divorce even if it is over three years of battling?

Thanks.

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9 months 3 weeks ago #510650 by .Charles
Replied by .Charles on topic Re:Conveyancing costs
The price seems reasonable to me. you have to factor in a minimum charge as each new file incurs administrative costs.

You also need to bear in mind that when a solicitor takes on a case they open themselves to risk for which they must be insured. If there is little or no profit there is no point in doing the job. That's the harsh reality of business. It's the more affordable principle of this:

\"I don't get out of bed for less than $10,000 a day.\" - Linda Evangelista

As for stamp duty (or CGT for that matter), you will need to ask that question of your solicitor. It seems unlikely that you will be liable from the information you have provided but the rules are full of pitfalls.

Charles

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