Transaction Value

Freehold Sale and Purchase + VAT at 20%

Up to £200,000

£1,250

£200,001 – £300,000

£1,350

£300,001 – £400,000

£1,450

£400,001 – £500,000

£1,550

£500,001 – £600,000

£1,750

£600,001 – £700,000

£1,950

£700,001 – £800,000

£2,100

£800,001 – £900,000

£2,200

£900,001 – £950,000

£2,300

£950,001 – £1million

£2,500

£1million – £2million

0.25%

£2million + (POA)

0.30%

Disbursement costs

Disbursements are third party costs or expenses paid by us on your behalf to progress your transaction.  These include fees such as:

·         Land Registry fees

·         Searches (Local Authority, Environmental, Drainage and Water)

·         SDLT administration fee

·         CHAPS payment fee

In a leasehold transaction, this can also include the following which are costs usually paid to the Managing Agent acting on behalf of the Landlord.  The costs of these documents can vary for each transaction.

·         Management Pack fee (if selling)

·         Notice of Transfer fee (if buying)

·         Notice of Legal Charge fee (if buying

·         Deed of Covenant fee (if buying)

Stamp Duty Land Tax (SDLT)

SDLT is a tax payable to HM Revenue and Customs (HMRC) when buying land or property in England and Northern Ireland.  The amount of SDLT liability will depend on various factors, including (but not limited to) whether a buyer is:

·         A UK resident

·         Purchasing a property as an individual or company

·         A first time buyer

·         Replacing a main residence

·         Purchasing additional property

Here is a direct link to the UK Government Stamp Duty Calculator: Calculate Stamp Duty Land Tax (SDLT)

When completing the online calculator, we are often asked what this question really means – “Is the property being purchased replacing your main residence”

Your main residence is where you currently live and are registered at. 

This question is asking you whether:

1.      You have already sold your current main residence; or

2.      You intend to sell your current main residence at the same time as purchasing your new home. 

It is worthwhile bearing in mind that if you do not dispose of (sell) your previous main residence before you complete on the purchase of your new main residence, you will be liable for higher rate SDLT.

Property Information Form TA6

This form tells the buyer all about your property.  It is important to locate any relevant paperwork concerning the property you are selling.  This can include planning permission, building regulations certificates, guarantees and service records.

Leasehold Information Form TA7

This form tells the buyer all about the Lease, the building’s management, service charges, lease terms and building safety.

Fittings and Contents Form TA10

This form tells the buyer what is included and excluded from the sale price.