There is a fee payable to the Land Registry for the registration of the change of ownership of a property.
The fee is different depending upon the property value, and the bandings are as follows:
|Value or amount||Apply by post||Apply online|
|0 to £80,000||£40||£20|
|£80,001 to £100,000||£80||£40|
|£100,001 to £200,000||£190||£95|
|£200,001 to £500,000||£270||£135|
|£500,001 to £1,000,000||£540||£270|
|£1,000,001 and over||£910||£455|
Since March 2014 conveyancers completing land registry returns online have been able to pass on the benefit of a 50% reduction in land registry fees to their clients, for the most commonly used applications (common exceptions to this are unregistered and newbuild property registrations). Don't waste money using a conveyancer who is still submitting by post!
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