Conveyancing
Whether buying, selling or remortgaging your home a legal transaction takes place and an appropriately qualified person needs to carry out that work. Fees that individual solicitors charge do vary quite widely. Other fees payable are listed below, there may be more depending on the property but these are the most common, you will find they are referred to as disbursements.
Local Authority Search £250.00 maximum – dependant on Local Authority
Drainage Search £50.00 + VAT (approximate)
Environmental Search £45.00 + VAT (approximate)
Chancel Check Search £15.00 + VAT
Pre-completion Searches £12 (approximately – dependent on number of purchasers and whether there is a mortgagee)
Land Registry Fees (assessed on purchase price):
Purchase price of property Land Registry Fee
£0 – £50,000 £80
£50,001 – £80,000 £130
£80,001 – £100,000 £200
£100,001 – £200,000 £280
£200,001 – £500,000 £550
£500,001 – £1,000,000 £920
Stamp Duty Land Tax (SDLT):
Purchase price of property Rate of SDLT (on the portions only)
£0 – £125,000 0%
£125,001 – £250,000 2%
£250,001 – £925,000 5%
£925,001 – £1.5 million 10%
Over £1.5 million 12%