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Fees on Residential Purchase
A lot more work is involved if you are buying 'off the Plans' than if you are buying a house that is already built
Print out this page and build up a costing from the information below
| Price from· |
To· |
Fee
being
built
|
Fee - already built
|
Total
|
| £ |
£ |
£ |
£ |
£ |
| 0 |
100,000 |
600 |
500 |
|
| 100,001 |
300,000 |
700 |
600 |
|
| 300,001 |
500,000 |
800 |
700 |
|
| 500,001 |
800,000 |
1100 |
900 |
|
| 800,001 |
1,000,000 |
1650 |
1450 |
|
| 1,000,001 |
1,500,000 |
2250 |
1750 |
|
| 1,500,001 |
3,000,000 |
3500 |
2750
|
|
| |
|
|
|
|
|
Mortgage Advance
|
|
£
|
|
|
| 0 |
100,000 |
150 |
>>> |
|
| 100,001 |
300,000 |
175 |
>>> |
|
| 300,001 |
500,000 |
200 |
>>> |
|
| 500,001 |
800,000 |
300 |
>>> |
|
| 800,001 |
1,000,000 |
400 |
>>> |
|
| 1,000,001 |
1,500,000 |
500 |
>>> |
|
| 1,500,001 |
3,000,000 |
900 |
>>> |
|
| |
|
|
|
|
|
ADD
|
|
|
|
|
| Leasehold property |
200 |
>>> |
|
| Synchronise with sale |
50 |
>>> |
|
| Unregistered land (if so) |
200 |
>>> |
|
| Additional titles (each) |
50 |
>>> |
|
|
Bank fee
|
23.50 |
|
|
| SUB-TOTAL |
>>> |
|
| VAT@ 17.5% |
>>> |
|
| TOTAL |
>>> |
|
| STAMP DUTY LAND TAX is paid on the whole of the purchase price at the following rates |
|
|
| Price from· |
To |
Percentage |
|
|
| 0 |
125,000 |
Nil |
>>> |
|
| 125,001 |
250,000 |
1% |
>>> |
|
| 250,001 |
500,000 |
3% |
>>> |
|
| 500,001 |
and above |
4% |
>>> |
|
| |
|
|
|
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| HMLR Fees |
|
|
| Price from· |
To· |
Fee |
|
|
| 0 |
50,000 |
40 |
>>> |
|
| 50,001 |
80,000 |
60 |
>>> |
|
| 80,001 |
100,000 |
100 |
>>> |
|
| 100,001 |
200,000 |
150 |
>>> |
|
| 200,001 |
500,000 |
220 |
>>> |
|
| 500,001 |
1,000,000 |
420 |
>>> |
|
| 1,000,001 |
and over |
700 |
>>> |
|
| |
|
|
|
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EXPENSES
|
£
|
|
|
|
Local Authority fee - varies between authorities, say
|
175 |
>>> |
|
|
Land Registry Search fee
|
3 |
>>> |
|
|
Bankruptcy Search (per name)
|
2 |
>>> |
|
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Landlord's solicitors fees, if leasehold
|
Unknown |
>>> |
|
| Drainage Search, say |
40 |
>>> |
|
|
Contaminated Land search fee
|
40 |
>>> |
|
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Courier fee if needed
|
POA |
>>> |
|
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Special clearance fee on cheque if needed
|
10 |
>>> |
|
| |
TOTAL |
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Money on account
We have to pay to get office copy entries from HM Land Registry and various copy documents. We therefore require £350 on account of costs.
Call Michael Breeze on 07900 195 195 or call 0845 270 2511 to set up an appointment
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