Costs to Consider
Guideline Professional fees:
Legal conveyancing fees on leasehold property |
0.35 - 0.5% (minimum £1500+VAT) (or by negotiation) |
Disbursements |
£200 (approximately) |
Survey and valuation fee (Homebuyers Report) |
£610 +VAT (minimum) Increasing on a scale rate |
Stamp Duty:
(Government tax levied on purchase price)
£120001 to £250,000 |
1% |
£250001 to £500,000 |
3% |
£500001 up |
4% |
Other:
| Land registry | 0.1% of purchase price (approximately) |
| Local search | £200 (approximately) |
