IN SOME cases the Builder/Developer will agree to pay for all costs associated with buying a property. This includes Land Registration fees, Local Authority charges, and often the full legal costs, together with both buyers and sellers Tax.

Where the building developer does not pay your costs you should budget for the following;

• Property Transfer Tax
  
  This is 3% calculated on the declared value of your property. The vendor pays 1.5% with an additional 1.5% being paid by you, the purchaser  (i.e. £750 on a £50,000 property).
   

• Government Tax
  
  This is a payment to the local authority for the administrative work involved and is approximately £100
   

• Translators Services
  
  You should budget for approximately £100 to employ a translator when you attend the Land Registry Office.
   

• Connection Charges
  
  Again we are often able to persuade our developers to absorb these connection charges, after all it is likely that the water and drainage connections will already be made to new property. This leaves you to pay for just the connection of electricity, which would be in the order of £40.