| tel: | 01993 852222 |
| email: | info@j-mharrison.co.uk |
Transfer of equity is when the ownership of property changes without a sale. It happens when, for instance:
I will use my long experience to help the transaction to a swift, satisfactory and economical conclusion.
My fees depend on whether or not the property concerned is mortgaged:
| my fee | VAT @ 17½% | total £ | |
|---|---|---|---|
| Without mortgage | 250.00 | 43.75 | 293.75 |
| With mortgage | 400.00 | 70.00 | 470.00 |
For all purchases – including transfers of equity – the government now requires the buyer to submit a detailed 6-page Stamp Duty Land Tax form. If you wish, I can complete this form for an additional £40.00 (£47.00 inc. VAT).
In addition you can expect to pay Land Registry search fee and Land Registry registration fee:
The transaction could be liable to Land Tax in some circumstances, even though the transfer is not a purchase in the normal sense of the word; I will advise you about this once I know the circumstances.
Full details of all the amounts, and of the whole process, are in a letter that I will send if you contact me.

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