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Grant’s
Solicitors
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Our
basic fee structure is dependent on the value of the sale, purchase or
re-mortgage and whether or not the property is freehold, leasehold (usually
the case for flats and where substantially more work is required) or a new
property (again where substantially more work is required). It is as follows:
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Value of the
Transaction
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£0-100k
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£101-250k
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£251-350k
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£351-500k
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£501k-£1m
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Freehold
Sale
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£495
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£495
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£545
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£595
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£645
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Leasehold
Sale
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£595
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£595
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£645
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£695
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£745
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Freehold
Purchase
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£545
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£595
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£645
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£695
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£745
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Leasehold
Purchase
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£795
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£845
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£895
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£945
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£995
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New
Property Purchase
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£795
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£845
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£895
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£945
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£995
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Freehold
Re-mortgage
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£325
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£325
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£325
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£325
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£325
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Leasehold
Re-mortgage
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£475
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£475
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£475
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£475
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£475
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VAT
is chargeable at 17.5% on these fees.
In addition, there are certain charges, known as disbursements, which
are common to all transactions and which are unavoidable. Typical disbursements (with costs shown
inclusive of VAT) are shown below.
Those marked (variable) will change dependent on the location of the
property.
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Sale:
Telegraphic transfer fee
Official copy entries
Official copy transfer
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£29.38
£8.00
£8.00
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Purchase:
Local Authority search
Drainage search
Environmental search
Commons search
Land Registry search
Bankruptcy searches
Chancel check search
Telegraphic transfer fee
Stamp duty (see below)
HM Land Registry fee
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£167.79 (variable)
£46.69 (variable)
£34.08
£16.03
£2.00
£10.12
£7.05
£29.38
£% of value
£220 (varies on price)
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Stamp
duty is without doubt the major potential disbursement on any purchase (it is
not payable on a sale). Again the
amount paid depends on the purchase price.
The bands are as follows and the percentage shown is charged on the
full price. For instance the cost on a
purchase of £300,000 is £9,000.
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·
£0-£125,000
·
£125,001
- £250,000
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£250,001
- £500,000
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Above
£500,000.00
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0%
1%
3%
4%
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If would like to obtain an immediate and comprehensive quotation for your
move please click here to go to our fully interactive, on-line
quotation facility. This facility also
allows you to instruct us immediately if you wish to accept the quote.
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West Point House
32-34 Albert Street
Fleet
Hampshire
GU51
3RW
www.grantssolicitors.uk.net
Grant’s Solicitors is
regulated by the Law Society
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Grant’s
Solicitors
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