PLEASE READ BEFORE POSTING
Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.Who pays a Licence to Assign
kitla
Posts: 49 Forumite
I am on the verge of completion of buying a small flat to let.
When I got the final statement a fee of £300 had been
added for the "licence to assign". The seller's solicitor expected
me to pay this, however my solicitor has now taken this off as
they say the seller should pay it. While the solicitors argue this
out between them, can anyone advise who normally pays this
fee?
When I got the final statement a fee of £300 had been
added for the "licence to assign". The seller's solicitor expected
me to pay this, however my solicitor has now taken this off as
they say the seller should pay it. While the solicitors argue this
out between them, can anyone advise who normally pays this
fee?
0
Comments
-
A "licence to assign" is the permission from the freeholder given to your seller allowing him to assign the lease to you.
I assume you have exchanged, so if it isn't agreed that you will pay this charge then it is for the seller to pay, indeed.0 -
Agree with jjlandlord above. The document gives permission to the current owner to assign the lease to you so really it's aimed at the current owner.
Also £300 is a lot of money for a simple standard document. Sounds like someone is trying to make some money somewhere.0
This discussion has been closed.
Categories
- All Categories
- 343.1K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.6K Spending & Discounts
- 235.2K Work, Benefits & Business
- 607.8K Mortgages, Homes & Bills
- 173K Life & Family
- 247.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards