EXAMPLE

 £96,250 for a 25% share (full market value of property £385,000)

    Contact us:

    My Name is:

    My Email Address is:

    My Telephone Number is:

    A summary of my enquiry and what I am looking to achieve is:

    Shared ownership PURCHASE legal costs: How much?

    EXAMPLE

     £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

           £25.00

             £5.00

           £30.00

             £6.00

    Total (including VAT)

       £1,098.48

          £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

          £137.50

          £350.00

    Bankruptcy search fee

             £4.00 (for 2 people)

             £4.00

    Land Registry search fee

             £3.00

             £4.00

    Total

       £1,048.50 (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)

       £2,146.98

    (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