1.3.2 Legal Fees
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The transfer of land, or conveyancing, involves a number of steps
incurring different charges.
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The actual conveyance is usually undertaken by a single party,
the solicitor or licensed conveyancer, and the single fee payable
will be broken down into the following elements:-
- Professional services of the solicitor/conveyancer.
- Local search to reveal any planning affecting the property.
- Land Registry fees incurred in registering the transfer of land.
- Stamp Duty, which is a property sale tax of 1% on the value of
a property costing £60,001 to £250,000, 3% between £250,001
and £500,000, and 4% on properties over £500,000
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