Registration fee

[MPA]

I am being asked to pay a fee in relation to a re-mortgage of a flat that is for registration and notice of transfer and charge.
Can someone clarify what that is.

[Gordon999]

There is normally a clause inside most long leases which requires the leaseholder to serve a notice of transfer after a sale, assignment or mortgage charge on the Lessor ( freeholder) and pay a fee for registration of the notice.

[leaseholdanswers]

I am being asked to pay a fee in relation to a re-mortgage of a flat that is for registration and notice of transfer and charge.
Can someone clarify what that is.

No this is a notice of charge, look through the lease to see if you are required to give notice of charge as transfer is selling or underletting ( renting out) the property.

[MPA]

So what does the freeholder do with a notice of transfer and charge to warrant a fee? What is a acceptable fee to be charged.

[leaseholdanswers]

Oh for goodness sake : ) if you choose to re mortgage then there is administrative time altering and changing records. it is trite law that this sort of fee should be @ £25.