Additional Purchasing Costs

Starting Costs:

Deposit: 10% of the sale price
Solicitor’s fee: £200
Legal translator: £ 50
Notary Public: £ 80
Power of attorney: £80-£120
Estate agent’s fee: 3% of the sale price, 0% if our own development
Military Clearance Fee: £400 depending on location
Placing a charge on the property: 1.2% of the amount you paid + @£100


Completion Costs - Once the Title Deed is transferred in to your name:

Buyer’s / Seller's tax: 3.3% of the rateable value
Government tax: minimal depending on property and location
Community tax: minimal depending on property and location
Property tax: 0.5% - 0.6% of the property price, depending on location, paid yearly
Earthquake insurance: (compulsory) depends on property value & location about £50 - £100
If the property is bought on a complex there is an annual maintenance charge of £200 - £750
Water & electricity connection fee: £200-£400 depending on existing arrangements

Please note that the Starting Costs are your commitment to buy and are non-refundable.

If you are buying a completed property, 10% of the sale price is the usual deposit and will include the starting costs, with the balance becoming payable in 30 days. The completion costs will become payable once you have the title deeds.

When you are making choices between properties or land, we can tell you exactly how much each purchase will cost you in total to help you with your decision.

If you are coming on a viewing trip, you will need to think about your total budget: say £45,000 for a property and about 10% for costs = £50,000. You will need to have that 10% available to you to make the first payment on signature of contract.

ALL AMOUNTS ARE APPROXIMATE AND ARE SUBJECT TO CHANGE