GB Solicitors Ltd - purchasing FREEHOLD properties
| FREEHOLD residential property - Estimate for the cost of purchase | ||
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Click above for estimate |
Our fee | £500.00 |
| Land Registry searches | £15.00 | |
| Bank transfer fee | £30.00 | |
| Search Fees (£225 - free if HIP available) | £0.00 | |
| Land registration fee (max) | £280.00 | |
| VAT at 17.5% | £95.37 | |
| Total: | £920.37 | |
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 and 3% applies for properties priced from £250,001 to £500,000. The highest rate of 4% applies to properties of £500,000 or more. 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.