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 |
£745.00 |
£149.00 |
£695.00 |
£139.00 |
|
Office supplies charges |
£89.40 |
£17.88 |
£0.00 |
£0.00 |
|
Bank-to-bank transfer charge |
£35.00 |
£7.00 |
£35.00 |
£7.00 |
|
Total (including VAT) |
£1,043.28 |
£876.00 |
||
|
Expenses |
||||
|
SDLT |
£1,500.00 |
£1,500.00 |
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|
Land Registry registration fee |
£95.00 |
£95.00 |
||
|
Complete set of searches |
£140.31 |
£200.00 |
||
|
Bankruptcy search fee |
£2.00 (per person) |
£2.00 |
||
|
Land Registry search fee |
£3.00 |
£3.00 |
||
|
Total |
£1,740.31 |
£1,800.00 |
||
|
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 |
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|
Total costs all-in for routine transaction (most cases) |
£2,783.59 (of which £1,500 attributable to SDLT) |
£3,324.00 (of which £1,500 attributable to SDLT) |
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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.
