More: domain scams
Domain names are normally registered for 2 years at a time, although depending on the type of domain (.co.uk or .com etc.) this can be increased up to 10 years with a cost per year reduction as the number of years increases.
Global top level domains (gTLD) such as .com .net and .biz typically cost more than uk domains (.co.uk or org.uk) although this only applies to previously unregistered domains, as well as certain exceptions like .uk.com which is actually a global second level domain (gSLD).
If a domain is already registered either by another person or company it is possible to transfer the domain after a reasonable price has been negotiated with the current owner. However, this supposed value of the domain is whatever price the owner puts on it and can therefore be almost anything.
There are certain companies that act within the law as domain agents, owning popular but non-specific domains that they can sell on for profit. Depending on the perceived value you put on a particular domain, this route may also be worth investigating.
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