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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 = £150*
- Landlord’s solicitor (third party) legal fees (conveyancing) = £700 plus VAT (£840 total)
- HomeGround administration fee (instructing solicitors, preparing documents for signature, updating records) = £400
- Disbursements = normally minimal and typically in the region of £20.
*Please note that the landlord offer price fee of £150 will be refunded on completion of your lease extension.