STEP BY STEP GUIDE TO THE LEGAL PROCESS
| REMORTGAGE | TRANSFER OF EQUITY | STAMP DUTY | |
| LAND REGISTRY FEE | LOCAL AUTHORITY SEARCH | ELECTRONIC BANK TRANSFER | FEES INDEMNITY INSURANCE |
McEwens Solicitors costs for each sale or
purchase
| SALE/PURCHASE PRICE | FEE | TOTAL |
| UP TO £150,000 | £450.00 + VAT | £528.75 |
| UP TO £200,000 | £500.00 + VAT | £587.50 |
| UP TO £300,000 | £600.00 + VAT | £705.00 |
| UP TO £400,000 | £700.00 + VAT | £822.50 |
| RE-MORTGAGE | £250.00 + VAT | £293.75 |
| TRANSFER OF EQUITY | £250.00 + VAT | £293.75 |
| IN ADDITION, YOU WILL ALSO INCUR OTHER EXPENSES THAT MUST BE PAID ON ANY PURCHASE TRANSACTION: | ||
| STAMP DUTY LAND TAX, CHARGED AS A PERCENTAGE OF THE PURCHASE PRICE, WHERE PURCHASE PRICE IS: | ||
| UP TO £125,000 | No Stamp Duty | |
| OVER £125,000 UP TO £249,999 | 1% | |
| OVER £250,000 UP TO £499,999 | 3% | |
| OVER £500,000 | 4% | |
| (amount payable is rounded up to the nearest £5.00) | ||
| LAND REGISTRY FEE, RELATIVE TO PURCHASE PRICE: | ||
| UP TO £50,000 | £40.00 | |
| £50,001 UP TO £80,000 | £60.00 | |
| £80,001 UP TO £100,000 | £100.00 | |
| £100,001 UP TO £200,000 | £150.00 | |
| £200,001 UP TO £500,000 | £220.00 | |
| £500,001 UP TO £1,000,000 | £420.00 | |
| £1,000,000+ | £700.00 | |
| LOCAL AUTHORITY SEARCH FEE | THE AMOUNT CHARGED BY THE LOCAL AUTHORITY VARIES FROM AREA TO AREA BUT IS TYPICALLY AROUND £80/£130 | |
| ELECTRONIC BANK TRANSFER FEE | £30.00 | |
| FEES INDEMNITY INSURANCE (OPTIONAL) | £35.00 | |
OUR COSTS ARE INCLUSIVE OF ACTING FOR YOUR LENDER AND ALL NORMAL CONVEYANCING WORK IN A TRANSACTION. IF SEPARATE WORK IS REQUIRED BY YOU, SUCH AS THE PREPARATION OF A DEED OF TRUST, THIS WILL BE CHARGED SEPARATELY AND THE FEE AGREED IN ADVANCE.
WE WOULD NORMALLY EXPECT A PERIOD OF AT LEAST 7 DAYS BETWEEN EXCHANGE OF CONTRACTS AND COMPLETION. IN CERTAIN CASES IT MAY BE POSSIBLE TO COMPLETE IN LESS THAN 7 DAYS, BUT THIS FREQUENTLY LEADS TO PRACTICAL DIFFICULTIES. WE MAKE AN ADDITIONAL CHARGE OF £100 TO COVER THE ADDITIONAL WORK AND PRESSURE INVOLVED
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part of Mcewens Solicitors of 11 Commercial Road, Swindon, Wiltshire
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