of sale are drawn up by our Solicitor or a Solicitor that
the purchaser wishes to use.
The purchaser will pay a 10% deposit of the sale price and
a completion date is set.
The contract consist of all agreements between the Vendor
and the Purchaser i.e. payment plans, extras, inventories
etc. In many cases the purchaser returns home and the chosen
Power of Attorney attends to the completion in the purchaser’s
absence or the purchaser will deal direct with the vendor.
Then an application is made to the Council of Ministers by
the appointed Solicitor for the purchase permit from the Ministry
The cost of this application is between £500 and £1,000
and is paid on or prior to application and is non-refundable.
Applications usually take between four and eight months. (Reports
are obtained from the Army, Land Registry, Local Police and
Scotland Yard UK).
The Land Registry values the property for Stamp Duty purposes.
On the day of completion, the monies are paid by the solicitor
to the vendor and the Land Registry respectively, the name
of the purchaser is entered into the Land Registry’s
record books and the new title deed is subsequently issued.
Stamp Duty is 6% of the value levied by the Land Registry
Office for the concerned property. (The value levied by the
Land Registry Office is usually lower than the actual sale
Council tax is 3% assessed on the 6% Stamp Duty.