Landlord Fees for Transfer Registration

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  • Macclad
    replied
    Many thanks JK0 and Lawcruncher, that's what I understood having done a bit of homework but not being in the law business I don't know where I stand. I really appreciate your time in replying. I will do what you suggest JK0. I will cross out the £385 on the form, replace it with £2.10 and include the highlighted part of the lease (it really is clear on this!).

    All the best!

    Leave a comment:


  • Lawcruncher
    replied
    The fee is fixed. Period.

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  • JK0
    replied
    I bet I can guess who this is.

    I'd just send the £2.10 with a photostat of the lease highlighting that bit.

    Leave a comment:


  • Macclad
    started a topic Landlord Fees for Transfer Registration

    Landlord Fees for Transfer Registration

    Hi All

    I have POA for my mother who is currently buying a house in Manchester. We have reached the stage where I am near to signing the contract (The property is £230,000)

    Last week I received from my solicitor the Lease management pack which was dated 1967 but written in ‘old speak’. The solicitor kindly interpreted all of the important detail . The Lease did not detail the ground rent but I understand this to be £12.00 PA which is what I would have expected. The Lease also clearly states that there is a sum payable to the Landlord of 2 Guineas by the purchaser on completion. Just yesterday I received from my solicitor a bunch of documentation to read and sign, one of which is the registration fee for the Landlord/Estate Management company of £385.00. There is no breakdown, it is just a standard form which has blanks for the property information etc. I have never seen anything so uninformative in my entire life, it just looks like a scam piece of paper for a demand that I could have created!

    So my question is, if the Lease actually states a figure of "2 guineas for registration of such notice" which I understand to be around £2.10, then can they legally charge a price as high as £385 or are they just trying it on? If I say I will pay the £2.10 as stated in the Lease where do I stand legally on this? Surely I just pay what the lease says?

    I have instructed my solicitor to look into this for me but in the interim any advice on where I stand with this would be much appreciated. I am not sure that the solicitor knows what the answer is but he has indicated that this is surprisingly high and that a figure of around £100-150 would be more reasonable.

    Many thanks in advance for any advice on this matter.

    Laurence

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