Buying a house for £225,000
| Legal fee | 725 |
| VAT on Legal fee | 145 |
| Mortgage fee | 110 |
| VAT on Mortgage fee | 22 |
| Searches | 350 |
| Land Registry | 135 |
| Bank charges | 25 |
| VAT on Bank charges | 5 |
| Sub-total | 1,652 |
Then add Stamp Duty Land Tax:-
Stamp Duty or Land Tax
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website here. Click below to see how much tax you have to pay –