Purchase Transaction Fees
The above fees include the following service:
Other Fees:
HMRC Fee – £75.00 plus VAT is payable on every purchase.
Potential Additional Fees:
-Apartment/Flats- Where the property is a flat or apartment a minimum additional fee of £200.00 plus VAT will be charged.
-Shared Ownership- Where the property is a shared ownership purchase there may be a fee charged to deal with this. A minimum of £250 plus VAT. This will be clarified once instructions are received.
New Builds– A New Build property carries an additional £150 plus VAT charge due to the additional work that is required in these transactions.
Help to Buy ISA’s– A fee of £50.00 plus VAT will be charged for every ISA that requires to be claimed.
Gifts– A fee of £50 plus VAT will be charged for every Gift being received for a a purchase transaction.
Disbursements:
–Land Registry Title Check -will be required on all purchases for a fee of £3.00.
–ID Checker –will be undertaken against all sellers of the property for a fee of £6.00 per person.
-Bankruptcy Check-When buying with a mortgage your lender will insist that a bankruptcy check is undertaken and a fee of £2.00 per person will be payable.
-TT Fee– A fee of £35.oo plus VAT will be charged on every purchase to forward funds to the buyers solicitors.
-Searches- When buying a property with a mortgage you will have to undertake searches to satisfy their requirements. There are varying factors as what searches are required based on where the property is and the actual property itself. Some of the standard searches are as follows:
-Land Registry Fee- Please see below the fees charged by the Land Registry in relation to the purchase price. Please note that where the property is a new build or a first registration the fee payable is doubled:
Sale Transaction Fees-
The above fees include the following service:
Potential Additional Fees:
Leasehold Apartment/Flat-Where the property is a flat or apartment a minimum additional fee of £200.00 plus VAT will be charged.
Shared Ownership-Where the property is a shared ownership sale there may be a fee charged to deal with this. A minimum of £200 plus VAT. This will be clarified once instructions are received.
Disbursements:
-Office copy entries will be required on all sales for a fee of £6.00.
-ID Checker will be undertaken against all sellers of the property for a fee of £6.00 per person.
-It may be requested by the buyer or lender that a bankruptcy check is undertaken and a fee of £2.00 per person will be payable in this regard.
-TT Fee- Where a mortgage or charge has to be redeemed a fee of £35.oo plus VAT will be charged.
Probate Fees– Starting from £750 plus VAT- We offer a 30 minute free consultations to understand your needs and requirements. Once this has been established we can provide a full breakdown of legal costs, VAT and disbursements.
Immigration Fees– We offer a 30 minute free client consultation to understand your needs and requirements. Once this has been established we can provide a full breakdown of legal costs, VAT and disbursements.
Rosewood Law is a vibrant, Blackburn based law firm with a progressive and innovative attitude.