RESIDENTIAL FREEHOLD PURCHASE
|PURCHASE PRICE||SOLICITORS FEES||TOTAL|
|Up to £100,000||£400.00 Fees £50.00 SDLT return £30.00 Fee -Electronic transfer of money plus VAT at prevailing rate||£576.00 + £31.20* £607.20|
|£100,001 to £175,000||£425.00 Fees £50.00 SDLT return £30.00 Fee -Electronic transfer of money plus VA T at prevailing rate||£606.00 + £31.20 £637.20|
|£175,001 to £250,000||£475.00 Fees £50.00 SDLT return £30.00 Fee -Electronic transfer of money plus VAT at prevailing rate||£666.00 + £31.20 £697.20|
|£250,001 to £350,000||£600.00 Fees £50.00 SDLT return £30.00 Fee -Electronic transfer of money plus VAT at prevailing rate||£816.00 + £31.20 £847.20|
|£350,001 to £500,000||£650.00 Fees £50.00 SDLT return £30.00 Fee -Electronic transfer of money plus VAT at prevailing rate||£876.00 + £31.20 £907.20|
|£500,001 to £750,000||£875.00 Fees £50.00 SDLT return £30.00 Fee -Electronic transfer of money plus VAT at prevailing rate||£1,146.00 + £31.20 £1,177.20|
|Purchase price exceeding £750,000||We will provide a personalised quotation.|
We all need to be conscious regarding identity theft. We will undertake appropriate Anti Money Laundering investigations at £4.20 per person.
Our risk management fee ensures your house purchase completes without hitch.
|*Anti-Money Laundering fee £4.20 per person Risk Management Fee £22.80||£8.40 £22.80|
RESIDENTIAL LEASEHOLD PURCHASE
Above fees plus £240.00 (VAT included at 20%).
Any leasehold purchase includes significantly more work hence the higher fee.
RESIDENTIAL FREEHOLD PURCHASE DISBURSEMENTS (current as at September 2018)
A disbursement is money that we spend on your behalf. We make no profit and simply charge you the fee that we get charged by our suppliers.
The purpose of any search is to try and find out anything untoward regarding the property before you are committed to buy.
The seller is not obliged to tell you anything so it is very much a case of a “let buyer beware.”
We would anticipate the following searches in most purchases.
|Local Authority Search Fee Liverpool Wirral Knowsley St Helens Sefton Halton||£87.00 £102.10 £70.40 £178.00 £75.00 £110.00||The fee varies depending upon the appropriate Local Authority of the area in which you purchase. Unless you are a cash purchaser the search is compulsory.|
|Drainage search||£55.20||Now required by most mainstream lenders. Water on a meter? Mains drainage?|
|Environmental Search||£38.40||Now required by most mainstream lenders. You are responsible for any environmental disasters there might be lurking in the soil!|
|Coal mining search||£50.40||Essential in those areas where coal mining was previously undertaken.|
|Bankruptcy Search||£2.00 per person||This is essential in every case. A bankrupt cannot buy property.|
|Land registry priority search||£3.00||Essential in every case and enables your purchase (and mortgage) to be protected until it is registered at the land registry.|
|Land registry fees Up to £80,000 £80,001 to £100,000 £101,000 to £200,000 £200,001 to £500,000 £500,001 to £1,000,000 £1,000,001 and over||£20.00 £40.00 £95.00 £135.00 £270.00 £455.00||Your details need to be entered at the Land Registry and the former owner(s) details removed. These fees apply when the application is made electronically something we seek to do in every single case. The fee doubles if submitted non-electronically.|
|Stamp Duty Land Tax Property purchase price Up to £125,000 The next £125,000 (the portion from £125,001 to £250,000) The next £675,000 (the portion from £250,001 to £925,000) The next £575,000 (the portion from £925,001 to £1.5 million) The remaining amount (the portion above £1.5 million)||Zero 2% 5% 10% 12%||These rates and the example below normally will apply to your purchase of a leasehold property. Can SDLT be avoided? No. And if I don’t pay? Penalties imposed by HMRC.|
You exchange contracts for the purchase of your new house for £275,000 on 5 March, with completion expected in April.
The SDLT on the property is calculated as follows.
0% on the first £125,000 (a) £0
2% on the next £125,000 (b) £2,500
5% on the final £25,000 (c) £1,250
Total SDLT (a + b + c) £3,750
Please note if your purchase results in you owning more than 1 property the SDLT rates will increase. Please contact us for further information in this regard.
RESIDENTIAL LEASEHOLD PURCHASE DISBURSEMENTS
Above fees plus Leasehold Notice Fees which range from £50.00 plus VAT to £250.00 plus VAT. Further fees should be anticipated for the following:
- Notice of Transfer and Charge
- Deed of Covenant
- Certificate of Compliance
- Licence to Assign
- Share Certificate
Please note that the above are not required for every transaction as all Leasehold properties vary but they are listed for information purposes.