In January 2019 we implemented a trial fee structure on all Resale Market investments, reducing the transaction fee when buying shares from 2% to 1%. This reduction is not valid on Investment Plans or Discretionary Services, where the fee is 2%.
When purchasing shares on the Resale Market a 2% fee applies, same as with our new listing properties. There are no fees upon successfully selling of shares.
Please note that your investment in the resale market will be subject to Stamp Duty Reserve Tax. Stamp Duty Reserve Tax is an amount payable to HM Revenue & Customs for acquiring shares in property investments on the resale market. The amount payable is 0.5% of the cost of those shares.
When you purchase shares on the resale market you are automatically offered the cheapest shares first until the amount of shares proportionate to how much you want to invest have been purchased.