Sales

Sales Process

You should visit properties that you are interested in and that have been introduced to you. Once you have found the property you would like to purchase, you make an offer to the seller this will be presented to the seller.

Once your offer has been accepted, it is recommended to request a surveyor to carry out an appraisal investigation of the property to find any potential problems. Both parties will have lawyers which liaise with each other regarding the sale. Your lawyer will conduct searches on the property and resolve any issues that may arise. Once been confirmed and there is a consensus between both parties, you will reach the exchange of contracts. At this point, you will pay your deposit to your lawyer. This sale is now legally binding. Payment of the remaining is paid on the day of completion. 

Purchasing Costs

There are a number of costs outlined below that need to be considered when purchasing a property. 

Price of the property

Surveyor fee

Please note that the fee will vary according to the size of the property.

Legal fees 

Depending on the size of the property, the fee also varies depending on the lawyer’s work, so please contact us.

Stamp duty

Property or Lease Premium or Transfer Value

Stamp Duty Land Tax Rate

Up to £125,000

0%

The next £125,000 (the portion from £125,001 to £250,000

2%

The next £675,000 (the portion from £250,001 to £925,000)

5%

The next £575,000 (the portion from £925,001 to £1.5 million)

10%

The remaining amount (the portion above £1.5 million)

12%

Please note: These rates apply from 1st April 2021. Please check the more recent rates as they fluctuate. 

Estate agent fees

Please contact us for details of the fee.

Cost after purchase

In general, a buyer will have to pay council tax, gas, electricity and water bills, telephone bills, TV licence fees etc. However, if you purchase as an investment property with the intention of letting, these will be paid by the tenant.

In the case of flats within a managed block, service charge (management fee) and ground rent (rental) will also be charged. If this is a rented property, these costs are usually paid by the landlord. 

The system of letting fees differs between Japan and the UK.

If you have any queries regarding these property management fees, please do not hesitate to contact us.