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A summary of my enquiry and what I am looking to achieve is:
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 £96,250 for a 25% share (full market value of property £385,000) 

 

ITEM

HUMPHREYS & CO. APPROACH:

NO EXTRAS

ANOTHER APPROACH:

EXTRA ADD-ONS

Time charges

Charges

VAT

Charges

VAT

Time charges

      £795.00

     £159.00

      £525.00

      £105.00

Office supplies charges

       £95.40

       £19.08

         £0.00

         £0.00

Bank-to-bank transfer charge

       £30.00

         £6.00

       £30.00

         £6.00

Total (including VAT)

   £1,104.48

      £666.00

 

 

 

Expenses

 

 

SDLT* (varies with rent & lease length)

      £784.00 (on rental element)

      £784.00 (on rental element)

Land Registry registration fee

      £120.00

      £120.00

Complete set of searches

      £145.00

      £350.00

Bankruptcy search fee (per person)

         £2.00 (for 2 people)

         £4.00

Land Registry search fee

         £3.00

         £4.00

Total

   £1,055.00 (SDLT* element varies)

   £1,262.00 (SDLT* element varies)

 

 

 

Time charge extras (most transactions)

 

 

ID verification

         £0.00

         £0.00

       £15.00

         £3.00

Submission of SDLT return

         £0.00

         £0.00

       £95.00

       £19.00

Acting for lender

         £0.00

         £0.00

      £295.00

       £59.00

Completion within 2 weeks of exchange of contracts

         £0.00

         £0.00

       £95.00

       £19.00

Leasehold supplement

         £0.00

         £0.00

      £100.00

       £20.00

Shared ownership supplement

         £0.00

         £0.00

      £100.00

       £20.00

New build supplement

         £0.00

         £0.00

      £150.00

       £30.00

Total (including VAT)

         £0.00

   £1,020.00

 

 

 

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

   £2,159.48

(of which £784 attributable to SDLT*)

   £2,948.00

(of which £784 attributable to SDLT*)

 

 

 

Time charge extras (occasional transactions)

 

 

Dealing with licence to assign or deed of covenant

         £0.00

         £0.00

      £125.00

       £25.00

Dealing with an adult occupier

         £0.00

         £0.00

       £60.00

       £12.00

Dealing with a gifted deposit

         £0.00

         £0.00

      £120.00

       £24.00

Simultaneous exchange and completion (£175 plus VAT but £95 plus VAT of which shown above)

         £0.00

         £0.00

       £80.00

       £16.00

Total add-ons in occasional transactions (including VAT)


         £0.00


      £462.00

          

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.