Your Account
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What can I expect for the £150 administration fee?
The fee covers the costs of obtaining a landlord offer price. If an agreement is reached on an informal basis, the fee will be deducted from the price upon completion of the transaction.
HomeGround undertakes various services on behalf of your freeholder, including:
- Checking the terms of your lease for length and level of ground rent payable;
- Checking whether you meet the qualification requirements under the legislation (for example, has your property been registered to you for at least two years?);
- Checking whether the account is in breach or in arrears;
- Referring to recent case law on lease extensions, where required;
- Obtaining a landlord offer price and preparing an offer letter setting out the price, inclusive of the landlord’s legal and administrative costs for dealing with the sale;
- Assessing any counter-offers received and dealing with subsequent negotiations on behalf of the landlord.