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What fees are payable if I decide to extend my lease informally?
If you have applied for terms to extend your lease and you agree to the terms on offer, the fees payable at conveyancing stage are made up of:
- Landlord offer price fee = £50*
- Landlord’s solicitor (third party) legal fees (conveyancing) = £650 plus VAT (£780 total)
- HomeGround administration fee (instructing solicitors, preparing documents for signature, updating records) = £250.00
- Disbursements = normally minimal and typically in the region of £20.
- Land Registry fee (where applicable) = £40 plus VAT
*Please note that the landlord offer price fee of £50 will be refunded on completion of your lease extension.