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COSTS COMPARISON: residential PURCHASE transaction

£200,000

 

ITEM

HUMPHREYS & CO. APPROACH:

NO EXTRAS

ANOTHER APPROACH:

EXTRA ADD-ONS

Time charges

Charges

VAT

Charges

VAT

Time charges

      £585.00

      £117.00

      £520.00

      £104.00

Office supplies charges

       £70.20

       £14.04

         £0.00

         £0.00

Bank-to-bank transfer charge

       £25.00

         £5.00

       £25.00

         £5.00

Total (including VAT)

      £816.24

      £654.00

Expenses

SDLT

   £2,000.00

   £2,000.00

Land Registry registration fee

      £190.00

      £190.00

Complete set of searches

      £137.50

      £197.91

Bankruptcy search fee

         £2.00 (per person)

         £2.00

Land Registry search fee

         £3.00

         £3.00

Total

   £2,332.50

   £2,392.91

Time charge extras

(most transactions)

ID verification

         £0.00

         £0.00

       £18.00

         £0.00

Leasehold supplement

         £0.00

         £0.00

      £150.00

       £30.00

Acting for lender

         £0.00

         £0.00

      £150.00

       £30.00

New build supplement

         £0.00

         £0.00

      £150.00

       £30.00

SDLT return submission

         £0.00

         £0.00

       £75.00

       £15.00

Total (including VAT)

         £0.00

      £648.00

Total costs all-in for routine transaction (most cases)

   £3,148.74

(of which £2,000 attributable to SDLT)

   £3,694.91

(of which £2,000 attributable to SDLT)

 

Notes

•    Humphreys & Co. request an initial on-account payment of £265.00 (applied against totals above i.e. not extra).

•    Humphreys & Co. offers its clients “no-move-no-fee” terms, meaning that if the transaction does not reach completion you will only be invoiced for any expenses already incurred at the time you decide not to proceed.