Our charges are broken down into costs and disbursements. Disbursements are costs payable to third parties such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Our estimates and quotes will give a breakdown of all charges and will then have a total figure, which is inclusive of VAT.
| Value or amount | Apply by post | Apply using the portal or Business Gateway, for transfers or surrenders which affect the whole of a registered title | Apply using the portal or Business Gateway, for registration of all leases and transfers or surrenders which affect part of a registered title | Voluntary first registration (reduced fee) |
|---|---|---|---|---|
| 0 to £80,000 | £40 | £20 | £40 | £30 |
| £80,001 to £100,000 | £80 | £40 | £80 | £60 |
| £100,001 to £200,000 | £190 | £95 | £190 | £140 |
| £200,001 to £500,000 | £270 | £135 | £270 | £200 |
| £500,001 to £1,000,000 | £540 | £270 | £540 | £400 |
| £1,000,001 and over | £910 | £455 | £910 | £680 |
The average costs on a purchase at £100,000 are £415 plus VAT at 20% and range to £805 plus VAT at 20% on a purchase at £500,000
Our figures may however vary for either higher value transactions which are often complex or for properties which have special complications.
That is why we will always give you an individual costs estimate at the start of the transaction taking into account the actual features of your purchase.
We will always advise you immediately about any complications and discuss the potential impact on our fees or payments to third parties before any additional charges are incurred.
On each transaction there are likely to be the following additional payments:
Search Pack (variable by area)
SIM Search
Chancel Insurance
Land Charges Search fee
The charges vary by area but will cost in the region of £200 - £300 plus VAT at 20%
We make an additional charge of £25 plus VAT AT 20% for each telegraphic transfer of monies that is required during the transaction.
Land Registry fees are also payable and based on the value of the property. Land Registry Scale 1 fees:
Our fees cover all the work required to complete the purchase of your property. This includes sending off searches, approving the contract, checking the legal title, and dealing with the Land Registry. It also includes the cost of time for payment of Stamp Duty which many firms charge extra but is included in our fees.
This depends on the purchase price of the property. You can calculate the amount you need to pay by using HMRC's website (https://ww.tax.service.gov.uk/calculate-stamp-duty-land-tax/#intro) or if the property is located in Wales by using the Welsh Revenue Authority's website here (http://https//beta.gov.wales/land-transaction-tax-calculator)
A standard transaction will take approximately 8 weeks from the time we are instructed however there can be a number of factors which impact on the timescale such as:
The number of parties in the chain
If there is a delay in your mortgage offer being issued or the offer is incorrect
If there is something unexpected in your search results
If the legal title to your property is complex
If there is a Management Company involved
The timescales wanted by other people in the chain
There are some variables with any property transaction so please either give us a call or drop us a line and we will give you a detailed breakdown of all the fees and costs involved for your particular circumstances.
At the outset of the transaction, we will ask you how you prefer to be contacted. If you have an email address this can save a considerable amount of time but buying and selling a property is not yet a paperless exercise so there will be some documents that will need to be signed by you. We will offer you a personal appointment in the office so you get chance to sit down with us so that we can talk you through the paperwork and the process face to face or, if you prefer, we will arrange a telephone appointment.