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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

       £35.00

      £7.00

        £30.00

      £6.00

Total (including VAT)

   £1,110.48

      £666.00

 

 

 

Expenses

 

 

SDLT* (varies with rent & lease length) (£0.00 on all purchases up to a value of £500,000 provided that completion takes place by 31/03/21 when the current extension to the zero-rated band to £500,000 currently expires)

          £0.00 (including on rental element at say £4,0000 per year)

         £0.00 (including on rental element at say £4,0000 per year)

Land Registry registration fee

        £80.00

      £120.00

Complete set of searches

      £158.91

      £350.00

Bankruptcy search fee (per person)

         £2.00 (per person)

          £4.00

Land Registry search fee

         £3.00

          £4.00

Total

      £243.91 (SDLT* element varies)

      £478.00 (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)

   £1,354.39

(of which £0.00 attributable to SDLT*)

   £1.335.79

(of which £0.00 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

       £90.00

    £18.00

      £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)


      £108.00


      £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.