The Stamp Duty Holiday Scheme is due to end on 30th June 2021. We cannot guarantee completion by the end date, and should the matter not complete before the scheme ends Stamp Duty will be payable at the same rates as before the scheme was introduced
Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
| Purchase Price | Our Fees | VAT | Total |
| Up to £100,000 | £695.00 | £139.00 | £834.00 |
| £100,001 to £150,000 | £795.00 | £159.00 | £954.00 |
| £150,001 to £200,000 | £895.00 | £179.00 | £1,074.00 |
| £200,001 to £250,000 | £995.00 | £199.00 | £1,194.00 |
| £250,001 to £300,000 | £1,095.00 | £219.00 | £1,314.00 |
| £300,001 to £350,000 | £1,195.00 | £239.00 | £1,434.00 |
| £350,001 to £400,000 | £1,295.00 | £259.00 | £1,554.00 |
| £400,001 to £450,000 | £1,395.00 | £279.00 | £1,674.00 |
| £450,001 to £500,000 | £1,495.00 | £299.00 | £1,794.00 |
| £500,001 and above | 0.3% + £200 |
Our fee assumes that:
a. This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
b. This is the assignment of an existing lease and is not the grant of a new lease
c. The transaction is concluded in a timely manner and no unforeseen complication arise
d. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
e. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
We charge an additional fee of £50 plus VAT (£60.00) per ISA bonus that needs to be redeemed.
In addition to our fees you will also incur costs related to your matter that are payable to third parties, known as disbursements. We handle the payment of the disbursements on your behalf to ensure a smoother process. Details of the disbursements you are likely to incur are detailed below and include VAT where applicable.
| Search Fees | £160.00 |
| HM Land Registry Searches | £11.64* |
| Electronic Money Transfer Fee | £42.00 |
| Total | £123.64 |
*This figure is based upon two people purchasing a property and can be reduced to £8.16 if it is just one person.
In addition to the disbursements detailed above, you may also have to pay:
These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.
The amount of Stamp Duty or Land Tax payable depends on the purchase price of your property. You can calculate the amount you will need to pay by using HM Revenue & Custom’s online calculator or if the property is located in Wales by using the Welsh Revenue Authority’s online calculator.
Land Registry fees also depend on the purchase price of your property, if the property has been previously registered and if we are able to submit your application electronically. You can calculate your fees using HM Land Registry’s online calculator. Select ‘Transfer of Whole for Value’ from the drop down list, insert your purchase price when prompted and then click ‘Check Fee’ to see how much you will need to pay.
If you are purchasing a new-build property, the company acting for the developer may charge an engrossment fee. This fee can range from £90.00 to £180.00 for providing engrossment of the Transfer.
How long it will take from your offer being accepted until you can move in to your new home will depend on a number of factors. The average process takes between 10 to 14 weeks but it can be quicker or slower, depending on the other parties and if there is a chain.
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, examples of key stages that we will help you through may include:
Anyone in our Conveyancing department could handle your purchase. To view the qualifications and experience of the team, please click here.
Ian Groome will be the Director with overall supervision of your purchase.
Should you have a problem that cannot be resolved between you and the person handling your purchase, please refer to our Complaints Procedure.
15 South Brink
Wisbech
Cambridgeshire
PE13 1JL
10 Market Place
March
Cambridgeshire
PE15 9JQ
Bowsers is a trading name of Bowser Ollard & Bentley Limited, a limited company registered in England and Wales (Company Number 8199090), who are authorised and regulated by the Solicitors Regulation Authority (SRA Number 571570).
Registered Address: 15 South Brink, Wisbech, Cambridgeshire, PE13 1JL
VAT No: 599 513 096
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