Read Cooper Solicitors - Fees and duties

Stamp Duty Land Tax is a Government tax and is payable by the buyer at the stipulated percentage of the whole price. The current rates of duty for residential property are generally as follows:

For commercial and mixed use property no duty is payable until the consideration exceeds £150,000. Thereafter the rates of duty are the same as for residential property. Any VAT payable is included in the chargeable consideration.

Leases and Tenancy Agreements can also attract Stamp Duty Land Tax, details of which are available on application.

Land Registry Fees are also payable by the buyer, and in most cases are as follows:

Local Search Fees range from approximately £100-£200 depending on the Local Authority concerned.
Bank Transfer Fees are charged by us for sending and receiving moneys electronically. The fee for sending monies on your behalf is £27.50 plus VAT. This includes a bank charge of £7.50
Bankruptcy Searches against each borrower are required by lenders. Each search costs £2 per name.
Land Registry Office Copies are required when registered land is sold. They generally cost in the region of £6 - £12 depending upon the documents required.
Land Registry Searches are title searches made prior to completion. They generally cost in the region of £6.
Water Searches confirm whether or not the property is connected to main drainage and water supply. The cost is approximately £50 plus VAT for residential properties.
Environmental Searches give details of various environmental issues affecting the property. The cost is approximately £40 plus VAT for residential properties.