charge for receipt of received notice freeholder cost?

lmdp

How much should I be charging to receive these notices?

1. Their new ownership so that the freeholder knows who to contact from the date of completion of the sale for rent/service charge; and

 

1. If applicable, give notice of any new mortgage provider who has a mortgage over the property

I know you don't need to charge but I have decided to but do not know what kind of price I should be charging?

eddddy

So I assume you are the freeholder.

The law says that you can charge a 'reasonable' fee, but doesn't define 'reasonable'.

When I last looked, tribunals seemed to agree that £50 per hour (plus vat if applicable) was reasonable.   So if it takes you 30 mins to deal with a notice - maybe £25 to £30 is reasonable. Plus any out of pocket costs.

EssexHebridean

Notice of Transfer and Charge fees vary wildly, and quite frankly all too often seem to bear little relation to the level of work actually involved. 

I seem to recall one local authority freeholder in the London area currently charging around £30 per notice (but never challenges a single payment made for a combined notice) while other freeholders charge substantially more. Very occasionally, you find someone who doesn't make a charge at all. 

When factoring in your work, remember that most solicitors will ask you to sign and return a copy of the Notice for their file.