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

GB Solicitors Ltd - purchasing FREEHOLD properties

FREEHOLD residential property - Estimate for the cost of purchase
Our fee £600
Land Registry searches £15
Bank transfer fee £30
VAT on above at 20% £129
Search Fees £200
Fee for land registration £270
Total: £1,244

In addition to these expenses there will be tax to pay if the price exceeds £125,000. The rate of 1% applies to purchases up to £250,000 in value, 3% applies for properties priced from £250,001 to £500,000 and 4% for the properties priced from £500,001 to £1 million. Higher rates apply to properties over £1 million.

The tax is applied to the full value of the property so a purchase at £250,000 attracts tax of £2,500 whilst a purchase at £250,001 will attract tax of £7,500. See the separate notes relating to Stamp Duty Land Tax.

This page is for the purchase of dwellings only. If you are purchasing a commercial property, land or something more unusual please contact us to obtain details of our costs.

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