News
Flying Freehold causing issues?
3rd February 2012Have you ever found the perfect property only to find that a lender is unwilling to give you a mortgage because there is a flying freehold? If so, you may be wondering what a flying freehold is and why it can be so troublesome. [read more]
A Return to Radmacher
2nd February 2012It was in October 2010 that the Supreme Court handed down the landmark decision in Radmacher v Granatino, a decision supposedly giving decisive weight to pre-nuptial agreements in English law. But is this what the decision actually achieved? [read more]
Where there's a will, there's a way round care home fees
1st February 2012Government plans to raise the proposed lifetime cap on care fee contributions by the elderly to £60,000 have been met with a storm of protest, but those who wish to provide for care in retirement are being encouraged to take steps to protect their assets now. [read more]
Land Registry Fees
Land Registration Fees as of 6th July 2009
(extracts from Land Registration Fees Order 2009)
Scale 1
For a purchase including a mortgage. For a new mortgage (unregistered land)
| Value or Amount £ | Fee payable £ |
| 0-50,000 | 50 |
| 50,001-80,000 | 80 |
| 80,001-100,000 | 130 |
| 100,001-200,000 | 200 |
| 200,001-500,000 | 280 |
| 500,001-1,000,000 | 550 |
| 1,000,000 | 920 |
Scale 2
For a new mortgage only (registered land)
| Value or Amount £ | Fee payable £ |
| 0-100,000 | 50 |
| 100,00/200,000 | 70 |
| 200,00/500,000 | 90 |
| 500,00/1,000,000 | 130 |
| 1,000,001 + | 260 |
As in the sale of a leasehold property, rent, maintenance charges and insurance premiums may be payable from the date of completion up to the date they next become due. You will also have to pay Landlord's Registration fees under the terms of the lease. This notice is required so that the Landlord knows whom future rent and maintenance charge demands and any Notices should be sent. The charges vary but are normally around £50.00.
General Charges
Gepp & Sons are on the solicitors' panels for the majority of building societies, banks and other lenders. Therefore, you will not need to have two separate firms acting for you and your lender which would otherwise significantly increase your costs.
Bank Transfer Fee
If you are buying, a charge of £35.25 inc. VAT will be made for transferring all the completion monies to your seller's solicitors on the day of completion.
If you are selling or re-mortgaging and have a mortgage with a lender who requires the redemption monies to be remitted on the same day as completion, a Bank Transfer Fee may be payable.
Bankruptcy and Land Registry Searches and Enquiries
A Bankruptcy Search is necessary if you are obtaining a mortgage to ensure that you are not bankrupt before entering into a mortgage. The charge is currently £1.00 per name. We may need to carry out two of these searches if the first one expires prior to completion.
A Land Registry search is carried out between exchange of contracts and completion and ensures that the title deeds have not changed since the contract documentation was received. The current charge for this search is £4.00 per title. If the property is unregistered, an Index Map Search will be required. There is no fee for this search.
