Using foreign or complex financing in UK property transactions can present challenges such as currency exchange risks, delays from cross-border transfers, and strict anti-money laundering (AML) regulations. Buyers and sellers may face additional hurdles like securing financing, managing tax implications, and dealing with increased regulatory scrutiny. These factors can lead to longer transaction times, unexpected costs, or even legal complications if not handled properly.
At RSL Law, we specialize in navigating these complexities, ensuring that foreign funds and complex financial structures are handled efficiently and in full compliance with UK laws. Our team offers tailored advice, guiding you through AML requirements, mitigating currency risks, and coordinating with international legal and financial experts to ensure smooth, timely transactions.
| Service | Fee |
|---|---|
|
Purchase with Foreign Source of Fund |
From 0.5 % of purchase price |
| Disbursements | Fee |
|---|---|
|
AML Check – Individual |
£7 to £15 per person |
|
AML Check – UK Company |
£5 (See note below) |
|
AML Check – Foreign Company |
£25 (see note below) |
|
Purchase Searches |
£250 to £500 (incl VAT) |
|
Stamp Duty Land Tax |
see HMRC table of rates |
|
Purchase – Registration Fee |
£20 to £1,105 (no VAT) |
|
Leasehold Sale – Management Pack |
£150 to £500 |
|
Sale – Official Copies |
£20 |
|
Leasehold Purchase (New Build)– Engrossment of Lease |
£150 to £200 |
|
Leasehold Purchase – Notices of Transfer/Charge |
£100 to £250 |
|
Leasehold Purchase – Deed of Covenant (if applicable) |
£100 to £200 |
|
Bank Charges (payments over £50,000 via CHAPS) |
£16 each payment
(No VAT) |
|
Note: for limited companies, Directors and Shareholders with over 25% equity will also be subject to individual AML Checks |
|
In an era of globalised property transactions, we excel in navigating UK Anti-Money Laundering Regulations and complex foreign corporate structures.
Our Office:
33 St James’s Square, London, SW1Y 4JS
Email: info@rsl-law.co.uk
Tel: +44(0)207 0605333
