House cost £170,000- still paying stamp duty?

refluent

I've left a message requesting the revised bill- thanks again...

refluent

I'll try..

Purcase price £116,995.00
Deductions- for searches £100.00
Mortgage advance £110,970.00

Sub total of deductions £111,070.00
£ 5,925.00

Additions:-
Coal mining search £24.00
Paid land regestry fees on registration of title £150.00
Paid stamp duty on purchase deed £1,170.00
Paid search fees:- local authority £100.00
HM land charges £4.00
HM land regestry £8.00
Sub total-£1,456.00
£7,351.00

Professional charges:-
Conveyancing £299.00
Stamp duty land tax £75.00
Lender administeration fee £95.00
Postage etc. £25.00

Sub total incl VAT £580.00

Amount due on completion £7,961.00

Deposit is £5,925.00 by the way

Manchester_Lucy

refluent wrote:

I'll try..

Purcase price £116,995.00

Paid stamp duty on purchase deed £1,170.00

That does seem very strange indeed as this amount is 1% of the total sale.

I'm only just going through the process myself but I definitely thing that your solicitor has made a mistake when making up their bill.

myriadabellium

It looks like an error to me. I'm a trainee solicitor at the mo but have been a conveyancer for 5 years prior to training contract so I can help a bit. SD threshold is definitely £125,000 - as someone has already said, your solicitor wouldn't be incurring a cost that big in a purchase unless it was stamp duty. The £75 is presumably the fee your solicitor is charging for completion of the SDLT1 form (sols' costs not disbursement), but there should NOT be any stamp duty at all. Definitely query it!!

clutton_2

when did you buy it ? SD thresholds were changed from £60k to £125k last budget i think.

Bossyboots

clutton wrote:

when did you buy it ? SD thresholds were changed from £60k to £125k last budget i think.

Thats irrelevant as they are in the process of buying now and it is the completion date that dictates the stamp duty threshold. This has to be an error.

Tassotti

Sounds like a quality solicitor!!

Name and Shame them so others can avoid.

refluent

are we allowed to? if so.....

i'll name & shame after completion just incase he reads it, best be safe than homeless!

Bossyboots

refluent wrote:

are we allowed to? if so.....

i'll name & shame after completion just incase he reads it, best be safe than homeless!

Good thinking. Did you contact them today to query the item?