Disbursements
In addition to our legal fees, disbursements will usually be incurred as part of the conveyancing process. Disbursements are fees paid to cover the cost of services or documents provided by third parties, such as Land Registry and Local Authority searches, identity and bankruptcy checks, and obtaining title deeds and other documents from the Land Registry.
Usual disbursements for each type of transaction are:
Purchase Freehold (property value between £100,001 to £200,000)
Disbursement costs can range from around £200 to £250.
These may include: Land Registration fee (no VAT) which varies depending on property price; Land Registry searches (inc. VAT); bankruptcy search (inc. VAT); and electronic identity verification (inc. VAT).
Additional costs for Local Authority, environmental and drainage searches can vary from around £190 to £330. Where VAT is payable on elements of these costs, the VAT is included in the charges.
Purchase Leasehold (property value between £100,001 to £200,000)
Disbursement costs: from around £200 to £250.
These may include: Land Registration fee (no VAT) which varies depending on property price; Land Registry searches (inc. VAT); bankruptcy search (inc. VAT); and electronic identity verification (inc. VAT).
Additional costs for Local Authority, environmental and drainage searches can vary from around £190 to £330. Where VAT is payable on elements of these costs, the VAT is included in the charges.
Sale Freehold (any sale price)
£26
Includes: Official Copy documents from the Land Registry and electronic identity verification (both inc. VAT)
Sale Leasehold (any sale price)
£36
Includes: Land Registry Official Copy documents and electronic identity verification, both inc. VAT.
Re-mortgage (any valuation)
£26
Includes: Land Registry Official Copy documents and electronic identity verification, both inc. VAT.
Additional costs for Local Authority, environmental and drainage searches can vary from around £190 to £330. Where VAT is payable on elements of these costs, the VAT is included in the charges.
None of the costs detailed above include Stamp Duty Land Tax (SDLT), Land Transaction Tax (LTT) for Welsh properties, or Land Registry fees for first registration.
We will let you know immediately if your transaction raises unexpected complications, and will discuss the potential consequences and costs with you before any extra charges are incurred.
For a detailed quote, please email us at enquiries@gorvinsresi.com or call 0161 930 5350.