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We recommend that you print this help screen as it contains important information
relevant to your purchase.
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If you have selected a specific local authority we believe the fee shown is correct.
If none has been selected we have shown what we believe to be the maximum and will
advise you of the exact amount as soon as possible. This search will identify any
local issues or planned development and may influence your decision to proceed.
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These are no more than indirect taxation by the Government and are payable whoever
deals with your transaction. They are calculated as shown at the end of this screen.
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Land Registry and Land Charges searches are done prior to completion to protect
your position. A Water search can be undertaken with the relevant Water Authority
serving the property as such information is no longer included in the Local Authority
search. It is optional but whilst most of the information may be clear from actual
inspection, e.g. whether the property has mains draingage, it may also show matters
which you should be aware of before you decide to buy, such as the route of the
main water supply for the whole area. Please read "Other Costs" in relation to environmental
searches. Mining searches are obviously only relevant in areas with a known history
of mining.
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We will send the completion monies to your Seller by telegraphic transfer on the
day of completion. A bank charge of £35 plus VAT is levied for this facility. A
charge of £24.95 plus VAT is also included to cover minor costs and disbursements.
An Environmental search fee has not been included in this item. Some lenders are
beginning to insist on such a search. If yours is one we will advise you separately.
Irrespective, you may wish us to undertake such a search. The likely cost would
be between £30 - £60. An environmental search would disclose such matters as abnormally
high rist of subsidence or if the property was constructed on a "landfill" site.
We are happy to discuss this with you if needed.
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The costs shown are an ESTIMATE although only in unusual circumstances would we
expect them to be higher. We will advise you if such circumstances should arise
and do our best to let you know what the costs may be. Should the transaction not
complete for any reason we reserve our right to charge for the abortive work undertaken.
At completion we will require you to put us in funds for the balance of completion
monies, all stamp duty and Land Registry fees and our own costs and VAT. We reserve
our right not to complete if any remain unpaid prior to completion.
We strongly recommend you make a will after completion and will contact you in the
months following to discuss this with you.
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If you are purchasing a leasehold property the Landlord may make certain charges
over and above those shown. These would be a fee for receiving the Notice of Assignment
and, if such provision is within the lease, a fee for dealing with a Deed of Covenant
between yourself and the Landlord. If there is a Management Company in place there
may be a fee for the issue of a share certificate in your name. We can advise you
on the telephone if these are relevant considerations. As these are charges levied
by a third party no estimate can be given for them at this time.
We would also wish to see a copy of the freehold title from the Land Registry to
ensure that title is also in order and this may involve a Land Registry fee of £8.00.
If a new lease is being granted to you there will be a small additional amount of
Stamp Duty payable based on the ground rent and possibly also additional Land Registry
fees.
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Property Value |
Fee Payable to Inland Revenue |
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Under £125,000 |
Nothing |
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£125 - £250,000 |
1% of the total price |
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£250 - £500,000 |
3% of the total price |
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£500,000 + |
4% of the total price |
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Property Value |
Fee payable to HM Land Registry
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Under £50,000 |
£40 |
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£50-£80,000 |
£60 |
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£80-£100,000 |
£100 |
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£100-£200,000 |
£150 |
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£200-£500,000 |
£220 |
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£500-£1,000,000 |
£420 |
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£1,000,001 + |
£700 |
N.B - There is a reduced fee for a voluntary first registration.
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