GB Solicitors Ltd - purchasing LEASEHOLD properties

LEASEHOLD residential property - Estimate for the cost of purchase
Up to £150,000 £150,000 - £200,000 £200,000 - £300,000 £300,000 - £500,000 Over £500,000 Click above for estimate	Our fee	£---
	Land Registry searches	£---
	Bank transfer fee	£---
	Search Fees (£225 - free if HIP available)	£---
	Land registration fee (max)	£---
	Landlord's notice fee (approx)	£---
	VAT at 17.5%	£---
	Total:	click price band

In addition to these expenses there will be tax to pay at 1% or 3% of the price paid. The rate of 1% applies to purchases up to £250,000 in value and 3% applies for properties priced from £250,001. 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 houses and flats only. If you are purchasing a commercial property, land or something more unusual please contact us to obtain details of our costs.