• Menu
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Before Header

  • Home
  • What is LKP
  • Find everything …
  • Contact
Donate

Leasehold Knowledge Management Logo

Secretariat of the All Party Parliamentary Group on leasehold reform

Mobile Menu

  • Home
  • What is LKP
  • Find everything …
  • Contact
  • Advice
  • News
    • Find everything …
    • About Peverel group
    • APPG
    • ARMA
    • Bellway
    • Benjamin Mire
    • Brixton Hill Court
    • Canary Riverside
    • Charter Quay
    • Chelsea Bridge Wharf
    • Cladding scandal
    • Competition and Markets Authority / OFT
    • Commonhold
    • Communities Select Committee
    • Conveyancing Association
    • Countrywide
    • MHCLG
    • E&J Capital Partners
    • Exit fees
    • FirstPort
    • Fleecehold
    • Forfeiture
    • FPRA
    • Gleeson Homes
    • Ground rent scandal
    • Hanover
    • House managers flat
    • House of Lords
    • Housing associations
    • Informal lease extension
    • Insurance
    • IRPM
    • JB Leitch
    • Jim Fitzpatrick MP
    • John Christodoulou
    • Justin Bates
    • Justin Madders MP
    • Law Commission
    • LEASE
    • Liam Spender
    • Local authority leasehold
    • London Assembly
    • Louie Burns
    • Martin Paine
    • McCarthy and Stone
    • Moskovitz / Gurvits
    • Mulberry Mews
    • National Leasehold Campaign
    • Oakland Court
    • Park Homes
    • Parliament
    • Persimmon
    • Peverel
    • Philip Rainey QC
    • Plantation Wharf
    • Press
    • Property tribunal
    • Prostitutes
    • Quadrangle House
    • Redrow
    • Retirement
    • Richard Davidoff
    • RICS
    • Right To Manage Federation
    • Roger Southam
    • Rooftop development
    • RTM
    • Sean Powell
    • SFO
    • Shared ownership
    • Sinclair Gardens Investments
    • Sir Ed Davey
    • Sir Peter Bottomley
    • St George’s Wharf
    • Subletting
    • Taylor Wimpey
    • Tchenguiz
    • Warwick Estates
    • West India Quay
    • William Waldorf Astor
    • Windrush Court
  • Parliament
  • Accreditation
  • [Custom]
Menu
  • Advice
  • News
      • Find everything …
      • About Peverel group
      • APPG
      • ARMA
      • Bellway
      • Benjamin Mire
      • Brixton Hill Court
      • Canary Riverside
      • Charter Quay
      • Chelsea Bridge Wharf
      • Cladding scandal
      • Competition and Markets Authority / OFT
      • Commonhold
      • Communities Select Committee
      • Conveyancing Association
      • Countrywide
      • MHCLG
      • E&J Capital Partners
      • Exit fees
      • FirstPort
      • Fleecehold
      • Forfeiture
      • FPRA
      • Gleeson Homes
      • Ground rent scandal
      • Hanover
      • House managers flat
      • House of Lords
      • Housing associations
      • Informal lease extension
      • Insurance
      • IRPM
      • JB Leitch
      • Jim Fitzpatrick MP
      • John Christodoulou
      • Justin Bates
      • Justin Madders MP
      • Law Commission
      • LEASE
      • Liam Spender
      • Local authority leasehold
      • London Assembly
      • Louie Burns
      • Martin Paine
      • McCarthy and Stone
      • Moskovitz / Gurvits
      • Mulberry Mews
      • National Leasehold Campaign
      • Oakland Court
      • Park Homes
      • Parliament
      • Persimmon
      • Peverel
      • Philip Rainey QC
      • Plantation Wharf
      • Press
      • Property tribunal
      • Prostitutes
      • Quadrangle House
      • Redrow
      • Retirement
      • Richard Davidoff
      • RICS
      • Right To Manage Federation
      • Roger Southam
      • Rooftop development
      • RTM
      • Sean Powell
      • SFO
      • Shared ownership
      • Sinclair Gardens Investments
      • Sir Ed Davey
      • Sir Peter Bottomley
      • St George’s Wharf
      • Subletting
      • Taylor Wimpey
      • Tchenguiz
      • Warwick Estates
      • West India Quay
      • William Waldorf Astor
      • Windrush Court
  • Parliament
  • Accreditation
You are here: Home / News / Just how much can a freeholder charge in a leasehold flat sale?

Just how much can a freeholder charge in a leasehold flat sale?

October 11, 2013 //  by Sebastian O'Kelly

SussexAny thoughts from the LKP readership on this leasehold question?

What is a reasonable fee for a freeholder to charge in processing a flat sale?

In this housing association there may be procedures to confirm suitability of a purchaser for this type of housing. £250 all in would seem about the maximum to us.

A question from Coral:

When a leasehold flat is sold, the buyer has a solicitor, the seller has a solicitor, and the housing association, or freeholder, (in this case Sussex Housing & Care) has a solicitor.

Are there restrictions on what the latter can charge for rubber-stamping the change of ownership?

All the paperwork, legal searches, and registrations etc. are done by the solicitors of the buyer and seller.

The suitability of the buyer is confirmed by the local manager of the association.

In the last sale, the solicitor for the association charged fees equal to half those of the seller’s solicitor (The 2% of sale price is paid by seller’s solicitor directly to the association).

And another one from John:

We expect to complete the sale of a £230,000 flat in east London over the next couple of weeks.

The management company has quoted £340 + vat = £408 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. They also ‘provide answers to any other enquiries raised’.

I questioned the charge, particularly in the light of owning the flat for 17 years and no requests from us for anything over that time.  (There is already a % based admin charge on exterior decorating which the three flats in the block pay for.

Any cost they incur above the annual service and decorating charges over that period will have been minimal).

Their response was that the charge was non-negotiable.

So, only £408 within a transaction of £230k, but a complete rip off situation of the sort you refer to on a video.

Could you advise how I might progress this please? More important than £408 would be the sense of satisfaction at not being ripped off! I applaud your initiative since leaseholders are pretty defenceless.

Related posts:

Hand over £100,000 house manager’s flat at retirement leasehold site and we will give you £10,000, say Peverel / Tchenguiz Default ThumbnailWideboy freeholder cuts £4,000 demand for leasehold flat refurb to £2,000 Default ThumbnailHeirs of empty retirement leasehold flat now face doubled council taxes … on top of plummeting re-sale value, on-going service charges and an exit fee if it ever does sell SCANDAL: LKP stops forfeiture of £800,000 flat … over a £7,000 service charge dispute Guardian reports dismal retirement flat re-sale prices, as seller ponders £28,000 offer

Category: News, Q&As

Latest Tweets

Tweets by @LKPleasehold

Mentions

Anthony Essien (34) APPG (37) ARMA (87) Bellway (30) Benjamin Mire (32) Cladding scandal (71) Clive Betts MP (31) CMA (45) Commonhold (52) Competition and Markets Authority (41) Countryside Properties plc (33) FirstPort (43) Grenfell cladding (56) Ground rents (54) Harry Scoffin (150) James Brokenshire MP (31) Jim Fitzpatrick (35) Justin Bates (40) Justin Madders MP (67) Katie Kendrick (37) Law Commission (60) LEASE (66) Leasehold Advisory Service (62) Leasehold houses (32) Liam Spender (31) Long Harbour (48) Martin Boyd (80) McCarthy and Stone (39) National Leasehold Campaign (38) Persimmon (49) Peverel (61) Property tribunal (49) Redrow (30) Retirement (37) Robert Jenrick (33) Roger Southam (47) Sajid Javid (38) Sebastian O’Kelly (55) Sir Peter Bottomley (201) Taylor Wimpey (106) Tchenguiz (33) The Guardian (33) The Times (32) Vincent Tchenguiz (43) Waking watch contracts (40)
Previous Post: « ARMA-Q reformers get strong backing at annual conference
Next Post: Leasehold owners of flats worth £60,000 are hit with £1 million refurb bill after freehold is scooped up in auction »

Reader Interactions

Comments

  1. LHA

    October 11, 2013 at 10:24 am

    Well that depends as an HA has different requirements to the averageowned flat. Pre sale enquires made by the vendor, consent fees and in some cases a deed of covenant are subject to sch 11, but certificates of compliance notice fees stock or member transfer and some deeds are not. Notice fees are being exploited as they are exempt, esp after some landlords took a hit in the LT/UT-LC over subletting and by extension, assignment licence and consent, fees which fall under sch 11.
    I dealt with a pedantic solicitor who wanted line by line replies, not a standard pack – cost was over £1000. She accepted the (excellent) pack for £200.

Above Footer

Advising leaseholders. Avoiding disasters.
Stopping forfeiture. Exposing abuses. Urging reform.

We depend on individuals for the majority of our funding.

Support Us and Donate

LKP Managing Agents

Become an LKP Managing Agent

Common Ground
Adam Church
Blocnet property management2

Stay in Touch

To achieve victory in the leasehold game where you are playing against professionals and with rules that they know all too well - stay informed with the LKP newsletter.
Sign Up for Newsletter

Professional Directory

The following advertisements are from firms that seek business from leaseholders.
Click on the logos for company profiles.

Footer

About LKP

  • What is LKP
  • Privacy and data

Categories

  • News
  • Cladding scandal
  • Commonhold
  • Law Commission
  • Fleecehold
  • Parliament
  • Press
  • APPG

Contact

Leasehold Knowledge Partnership
Open Data Institute
5th Floor
Kings Place
London N1 9AG

sok@leaseholdknowledge.com

Copyright © 2023 Leasehold Knowledge Partnership | All rights reserved
Leasehold Knowledge Partnership Limited (company number: 08999652) is a company limited by guarantee that is a registered charity (number: 1162584) with the Charities Commission.
LKP website is hosted at www.34sp.com
Website by Callia Web