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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 15% 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:
Electronic Anti-Money
Laundering Search
Telegraphic transfer fee
Official copy entries
Official copy transfer
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£13.80
£28.75
£7.95
£6.64
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Purchase:
Electronic Anti-Money
Laundering Search
(Local Authority search
(Inc Commons and Public Right of way searches)
Environmental search
Land Registry search
Bankruptcy searches
Chancel check search
Telegraphic transfer fee
SDLT (see below)
HM Land Registry fee
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£6.90 per person
£200.77 (variable)
£41.06
£5.19
£12.10
£17.25
£28.75
£% of value
£220 (varies on price)
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Stamp
Duty Land Tax (SDLT) 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 on a freehold or existing
leasehold are as follows and the percentage shown is charged on the full
price. For instance the duty on a
purchase of £300,000 is £9,000. Please
note that on new leasehold purchases additional SDLT may be payable based on
the rent.
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£0-£175,000
(Until Jan 2010)
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£175,001
- £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 contact:
Mrs Alice Grant on 01252 629292 or email us at agrant@batesnvh.co.uk
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67 Fleet Road
Fleet
Hampshire
GU51
3PJ
www.grantssolicitors.uk.net
Grant’s Solicitors is
regulated by the Solicitors
Regulation Authority
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Grant’s
Solicitors
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