potnoodler
Registered User
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- 310
Having discussed the legal costs today with our solicitor he advised me the costs on our €180k house purchase would be 1%+vat+ outlay. However he reckons the outlay will amount to less than €100.
Happy to go with him as he's a friend of the family as such and is regarded as very thorough and reliable, which is vital in practice and for peace of mind.
A point to mention would be that the property would well over 100 years and the previous owner has had it for only about a year.
Just trying to compare as to what my options were,
from the calculator on moving.ie with the flat rate of €895+vat+outlay, the est. of outlay was
Estimated Outlays
Register of Mortgage:
€125.00
Cert of Charge:
€6.00
Commissioners Fees:
€22.00
Searches:
€150.00
Copy Folio and File:
€25.00
Land Registration Fees:
€375.00**
Misc. Outlays:
€121.00
Estimated Total Costs:
€974.00
Based on the following information
Property Price:
€180,000.00
Mortgage Required:
€165,600.00
Owner Occupier or Investor:
Owner Occupier
New or Secondhand:
Second-hand
First-time Buyer:
Yes
Buying with Partner:
Yes
Partner is spouse:
Yes
So either unless I’ve misunderstood the above or possibly because the property has only recently changed hands, my calculations would be:
1800(1%)+100(outlay)+399(vat)=2299
vs
895(flat rate)+978(outlay)+393(vat)=2266
Goes without saying of course that my own solicitors outlay could increase and the above extract from the website is only an estimate, but could the difference in the flat rate be compensated with the outlay although I’m sure it would all be documented in the invoice.
A genuine question before anyone pounces and accuses me of being “anti-flat rate”.
Happy to go with him as he's a friend of the family as such and is regarded as very thorough and reliable, which is vital in practice and for peace of mind.
A point to mention would be that the property would well over 100 years and the previous owner has had it for only about a year.
Just trying to compare as to what my options were,
from the calculator on moving.ie with the flat rate of €895+vat+outlay, the est. of outlay was
Estimated Outlays
Register of Mortgage:
€125.00
Cert of Charge:
€6.00
Commissioners Fees:
€22.00
Searches:
€150.00
Copy Folio and File:
€25.00
Land Registration Fees:
€375.00**
Misc. Outlays:
€121.00
Estimated Total Costs:
€974.00
Based on the following information
Property Price:
€180,000.00
Mortgage Required:
€165,600.00
Owner Occupier or Investor:
Owner Occupier
New or Secondhand:
Second-hand
First-time Buyer:
Yes
Buying with Partner:
Yes
Partner is spouse:
Yes
So either unless I’ve misunderstood the above or possibly because the property has only recently changed hands, my calculations would be:
1800(1%)+100(outlay)+399(vat)=2299
vs
895(flat rate)+978(outlay)+393(vat)=2266
Goes without saying of course that my own solicitors outlay could increase and the above extract from the website is only an estimate, but could the difference in the flat rate be compensated with the outlay although I’m sure it would all be documented in the invoice.
A genuine question before anyone pounces and accuses me of being “anti-flat rate”.