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No matter how you choose to finance the purchase of the property, there will always be some unavoidable costs and expenses. The following is an
indication of the most significant costs that you are responsible for paying. (Costs, in particular legal fees, will vary depending on the specific
transaction in question).
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Valuation fee2
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Valuation fees are paid by the applicant and calculated at a rate of £1 per £1,000 (min. £150) plus VAT and is normally payable upon application.
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Cheques should be made payable to Ahli United Bank (UK) PLC.
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Local Search Fee1/2
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We understand that this will vary between approximately. £80 and £200.
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Land Registry Fee
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A scale of charges applies dependent upon the sale price of the property. e.g. The fee for property purchased for £100,000 would be
approximately £200. Your solicitor will provide full details on request
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Solicitor’s Fees2/3
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The Law Society does not permit one firm of solicitors to act for both you and us and so you should budget for two amounts of solicitor
fees, our and yours. AUBUK’s solicitor’s fees are as follows:-
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Property Purchase
| Up to £125,000 | | £346.63 |
| £125,001-£250,000 | | £440.63 |
| £250,001-£350,000 | | £581.63 |
| £350,001-£500,000 | | 0.175% of the property value plus VAT |
| £500,001-£1,000,000 | | 0.20% of the property value plus VAT |
| £1,000,001 or above | | Please enquire |
All fees include VAT, unless specified.
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Application Fee
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- Standard fee of 0.75% of the finance amount.
- Buy to let fee of 1.0% of the finance amount.
- Non-UK residents fee 1.25% of the finance amount.
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All fees are payable on or before completion. |
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Stamp Duty 4
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Calculated on the purchase price of the property between us and you, at the following rates:- |
- 0% of the sale price up to £125,000
- 1% of the sale price from £125,001 to £250,000
- 3% of the sale price from £250,001 to £500,000
- 4% above £500,001
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1 This fee can vary from council to council.
2 These fees are subject to VAT (currently 17.5%).
3 Plus sundry disbursement costs where applicable (courier charges, etc.).
4 Correct as at 1st April 2010.
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YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP MONTHLY PAYMENTS ON YOUR HOME PURCHASE PLAN
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