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Land registration/management company
alexhume1986
Posts: 5 Forumite
Hi everyone,
I bought a property back in June 2019.....the solicitor was struggling to register the property sale with the land registry due to huge difficulties trying to get hold of the developments management company and get the appropriate documentation. After several times of chasing (and being told delayed even further due to Covid) and that it was on track to being sorted, I thought it had been resolved as Land registry seemed to have updated the sale price and date. I have noticed now that the house sale price and date have reverted back to the previous sale which was when the house was originally built in 2012.
It came to light the other day (20 months after the sale) that the solicitors had finally found what they would need from the management company to satisfy the land registry but it requires fees for the certificates. The fees are quite high and the solicitor did acknowledge that the management company can charge what they like for these, even though really they are just issuing a document. The management company are SDL property management department (COSEC).
So my question is does anyone know how essential each of the following certificates are before I part with a chunk of cash?
Notice of transfer/charge/remortgage £125+VAT
Certificate of compliance £180+VAT
Deed of covenant £165+VAT
Share Certificate £120+VAT
My understanding is that I need the first three as that these will be essential should I wish to remortgage or sell in the future?
Also whilst I know that these charges may have had to be paid when I was completing if it hadn't taken so long, but would the solicitors be at any fault for not having presented these to me sooner? (My understanding is they didn't have knowledge of the management company and this is what caused the delays).
Any thoughts or feedback from others who have had similar situations would be appreciated, thanks
I bought a property back in June 2019.....the solicitor was struggling to register the property sale with the land registry due to huge difficulties trying to get hold of the developments management company and get the appropriate documentation. After several times of chasing (and being told delayed even further due to Covid) and that it was on track to being sorted, I thought it had been resolved as Land registry seemed to have updated the sale price and date. I have noticed now that the house sale price and date have reverted back to the previous sale which was when the house was originally built in 2012.
It came to light the other day (20 months after the sale) that the solicitors had finally found what they would need from the management company to satisfy the land registry but it requires fees for the certificates. The fees are quite high and the solicitor did acknowledge that the management company can charge what they like for these, even though really they are just issuing a document. The management company are SDL property management department (COSEC).
So my question is does anyone know how essential each of the following certificates are before I part with a chunk of cash?
Notice of transfer/charge/remortgage £125+VAT
Certificate of compliance £180+VAT
Deed of covenant £165+VAT
Share Certificate £120+VAT
My understanding is that I need the first three as that these will be essential should I wish to remortgage or sell in the future?
Also whilst I know that these charges may have had to be paid when I was completing if it hadn't taken so long, but would the solicitors be at any fault for not having presented these to me sooner? (My understanding is they didn't have knowledge of the management company and this is what caused the delays).
Any thoughts or feedback from others who have had similar situations would be appreciated, thanks
0
Comments
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I'd say safer to have all of them, they will be important when you come to sell. Unfortunately those prices are pretty normal.1
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