'NOTICE OF CHARGE' - Solicitor Fee??

strokebow

Hi,

I am purchasing a house (on a leasehold, if that matters?) and within the fees listed on the completion statement was:
Notice of Charge... £60

I phoned up my solicitor who said this charge was something to do with the sellers solicitors(?) and that it is a 'normal' fee for buyers to pay.

I couldn't argue with her as I don't have a clue but this charge definitely wasn't on the original fees that my solicitor sent to me... but they say it is not a fee they charge but someone (or something) else

Anyone now what this fee is and why its so big?

cheers

££sc££

This will be probably be the fee the freeholder/landlord charges to accept your Notice of Mortgage/Charge. Under the terms of your lease you probably have to give your freeholder/landlord notice of any mortgage of charge.

Fee seems fairly standard, £50 + VAT = £60

propertyman

The leasehold valuation Tribunal has made it clear that a reasonable fee is £35.

VAT is only due if the person to whom the notice is given under the lease ( i.e. not the agent or solicitor who handles it) is VAT registered.
This can be challenged by a written application to the LVT at no cost, if you want to save £25.

:money:I would however first check your lease, as it is clear from some members who do conveyancing for a living, that your conveyancer/solicitor may not*; fees are often asked for without checking the lease which can often specify a lesser or fixed amount.

Apparently it would cost you extra for that, which it shouldn't, as it is too small to argue about, and besides it isn't their money