The costs involved in buying or selling property vary from case to case, before we take a matter on, we are happy to provide a more accurate written quotation of the fees and disbursements. We will also provide you with our Terms of Business.
The costs involved in buying or selling property vary from case to case but the table below provides a guide to our charges. These prices are not definitive and, before we take a matter on, we are happy to provide a more accurate written quotation of the fees and disbursements. We will also provide you with our Terms of Business.
|
|
Freehold |
Leasehold |
Up to £100,000 |
Sale |
£600 + VAT |
£650 + VAT |
|
Purchase |
£600 + VAT |
£700 + VAT |
£100,001 - £150,000 |
Sale |
£600 + VAT |
£650 + VAT |
|
Purchase |
£650 + VAT |
£750 + VAT |
£150,001 - £200,000 |
Sale |
£650 + VAT |
£700 + VAT |
|
Purchase |
£700 + VAT |
£800 + VAT |
£200,001 - £250,000 |
Sale |
£650 + VAT |
£725 + VAT |
|
Purchase |
£750 + VAT |
£800 + VAT |
£250,001 - £300,000 |
Sale |
£700 + VAT |
£750 + VAT |
|
Purchase |
£750 + VAT |
£850 + VAT |
£300,001 - £400,000 |
Sale |
£750 + VAT |
£800 + VAT |
|
Purchase |
£850 + VAT |
£900 + VAT |
£400,001 - £500,000 |
Sale |
£1,000 + VAT |
£1,000 + VAT |
|
Purchase |
£1,000 + VAT |
£1,000 + VAT |
Over £500,000 |
By Agreement |
|
|
Additional costs you should know about
The main ones are:
Local Authority search fees
These provide you with important information about the property from Local Authority records. The fees vary according to where the property is located and the council involved but are usually between £150 and £200.
Other search fees
Sometimes it’s a good idea to have other searches done as well, such as:
- Common Registration
- Coalmining
- Drainage and environmental searches.
Your conveyancer can advise you about these and how much they cost.
Land Registry Fees
Most transactions involve registration at the Land Registry. A scale of fees applies that is usually based on the value of the transaction. The latest Land Registry Fees are as follows:
VALUE
Up to £40,000
£40,001 - £70,000
£70,001 - £100,000
£100,001 - £200,000
£200,001 - £500,000
£500,001 - £1,000,000
£1,000,001 and up |
FEE
£40
£60
£100
£150
£220
£420
£700 |
Stamp Duty
Stamp Duty is payable on the purchase price of the property. Current duty charges are:
VALUE
Up to £120,000
£120,001 - £250,000
£250,001 - £500,000
Over £500,000 |
DUTY
nil
1%
3%
4% |
Other Fees
These include:
- Bankruptcy search fees
- Land Registry search fees
- Telegraphic Transfer fees
- Lenders may make additional charges
- Leasehold properties may incur extra charges
Once we have a better understanding of your transaction, we can advise you on whether these costs will apply and how much they will cost.
To discuss a particular transaction, please contact Mike Morgan on 01273 492045 or by email.
