January 2023
We are buyers’ agents. We typically look for homes between £500,000 and £50m. We work for the rich and famous, for celebrities but for mere mortals too! Like the properties they buy, our clients are all different and so we offer different services accordingly. Please call or email and we will happily provide a specific quotation. We offer different types of help depending on how much assistance you are looking for.
‘Pocket agent‘ service costs £500.00. (£600 + VAT)
Buying Service we charge a retainer of £2,000 (£2,400 + VAT) and then;
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- A fixed, up-front fee of £10,000 (£12,000 including VAT).
or
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- £30,000 (£36,000 including VAT) payable on exchange of contracts.
[When it comes to estate agents the law states that fees must be quoted inclusive of VAT].
As you might imagine 99% of our clients go for the 1st option. We don’t think that buying £10m property is ten times more complicated than buying one for £1m & it doesn’t seem helpful for us to be rewarded if we get you to spend more money.
The retainer is only payable once. Our agreement runs for as long as necessary. Our record is 23 hours to find a property for one client. The longest took three years!
NOTE – For those buying a second home or ‘buy-to-let’ property HMRC guidance notes (& the more digestible Which?) state that our fee, like the additional ‘2nd home Stamp Duty Land Tax‘ or the 2% foreign buyer surcharge plus all your selling costs in certain circumstances can be set against future Capital Gains Tax (or against CGT losses which at present can be carried forward). You should double-check that this would be the case for you with your financial advisor.