Payment Terms
£1,000 to reserve

50% at contract
10% ground breaking
10% after foundations
10% second floor shell completion
10% third floor completion
5% completion of interior
5% with receipt of key

Closing costs involved with the purchase are:

At the beginning:

1,200 solicitor's fee
stamp tax --0.5% (5/1000)

At end:

5% VAT
3% land registration tax