SUTCLIFFE REED SOLICITORS
Telephone 01772 828382
Typical Quote
If you would like a Conveyancing quotation, please contact us directly. This is because the total cost of the purchase can vary considerably depending on the price of your purchase and how the property is currently recorded at the land registry. For example, is it freehold, leasehold, registered or unregistered? Please ask for Joan Spencer.
Should it assist, a typical quote for a first time buyer purchasing a house for £75,000 would be as follows:
|
1.
|
Our fees |
£275.00 £48.13 |
|
|
2.
|
Disbursements: | ||
| These are monies which we have to pay to other people on your behalf when purchasing a property. | |||
|
a.
|
Local Authority search | £100.00 | |
|
b.
|
Mining Search (not always, depending on location of house) | £19.00 | |
|
c.
|
Bankruptcy search | £1.00 | |
|
d.
|
Land Registry "priority" search | £4.00 | |
|
e.
|
Bank fees | £23.50 | |
|
f.
|
Stamp Duty | £750.00 | |
|
g.
|
Land Registry registration fees | £100.00 | |
| TOTAL | £1320.63 | ||
(If obtaining a 95% mortgage advance, you will also need to find a 5% deposit of £3,750.)
You will see that the largest disbursement listed above is "Stamp Duty". If the property you are buying costs less than £60,000 then no Stamp Duty is payable.
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