conveyancing, house purchase and houes sale, home information packs by GB Solicitors of Fareham Hampshireproperty purchase and property sale, conveyancing and home information packs - GB Solicitors, Fareham Hants

Bank transfers

We charge a standard figure, currently £30 plus VAT, for each telegraphic transfer we are required to carry out through our bank to transfer funds to another UK clearing bank.

The cost of one transfer will be shown in the expenses for a purchase to reflect the bank transfer needed to transfer money to the seller's solicitors on the day of completion of a purchase. If further transfers are needed, for example to repay an old mortgage lender on a sale or to transfer surplus funds to your account, then additional charges of £30 plus VAT will arise for each additional transfer. A higher figure may apply if funds are transferred to a foreign bank.

These charges relate to the expenses we and our bank incur in arranging a transfer out of our client account. They are separate to any bank charges that may be incurred by you or others in arranging to transfer money to us.

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