Disbursements are costs that are payable to third parties, such as Land Registry fees and Stamp Duty Land Tax. We handle the payments on your behalf for a smoother process.
Other Anticipated Disbursements*
- Notice of Transfer fee –If chargeable, is set out in the lease. Often the fee is between £150.00 – £500.00.
- Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £150.00 – £500.00.
- Deed of Covenant fee – Fee provided by the property management company and can be difficult to estimate. Often it is between £250.00 – £500.00.
- Certificate of Compliance fee – To be confirmed upon receipt of the lease, ranges between £250.00 – £500.00.
*Fees vary from property to property and can on occasion be significantly more than the given above. We can give you an accurate figure once we have sight of your specific documents.
Ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.
Often, on completion of the purchase, you’ll be required to reimburse the seller for ground rent and service charge that the seller has paid in advance for a period that is after the completion date. This reimbursement is done on a pro rata basis and is called an apportionment of ground rent/service charge.
Grand total £2,624.00 – £6,182.00 (not including SDLT.)