Legal Costs For House Buying

[answerbanker]

I havent bought property for many years so can anyone give me a rough idea of how much it will cost me for the Legal costs and any other costs for :
A) selling my house (no Estate Agent needed as I have a buyer)
Would I incur any capital gains tax or anything (its less than £100k)
B) buying something else worth about £120k (My bank are paying the conveyancing fees on my next property as part of my mortgage deal)

thankyou !! :)

[buildersmate]

A) It depends on what type of legal animal you use. A solicitor is more expensive than a licenced conveyancer, who is generally more expensive than a bucket-shop solicitor. These can be found by searching the web.

No, you won't incur CGT on any profit you made provided it has been your principle private residence.

B) See answer to A) above - impossible to guess.

On Monday morning, search your Yellow Pages for a few legal companies, phone and ask for a quote. They are very used to receiving such calls and will quote you over the phone based on your transaction values of sale and purchase. You will be surprised how similar all the solicitors are in price. Some people believe it might be if the Law Society issues them all with suggested price lists to work from, but that can't possibly be right as that could be construed as operating a cartel.

[Peter Pedant]

I have found licensed conveyancers very good for property transfers

goggle the phrase and you get a list and you can pick the nearest.
To transfer a property last year an l.c. charged me £300.

[furrypusscat]

There won't be any stamp duty to pay as the value of the one you are buying is under the £125,000 threshold so that is a saving. If over £125,000 you would have to pay 1%.

[answerbanker]

Thank you all x