Supplementary Fees for Aldermore Managed Panel Firms
| Description | Individuals | Companies | |
|---|---|---|---|
| Additional mortgage accounts | Where more than one mortgage account is to be redeemed or discharge of restrictions where charge or restriction require repayment | £50 plus VAT per additional charge or restriction | £50 plus VAT per additional charge or restriction |
| Arranging / checking indemnity policies | Where an indemnity policy requires arranging and checking (none title insured) | £50 plus VAT | £50 plus VAT |
| Tenancy Agreement | Assured shorthold tenancy or other tenancy agreement that requires checking, or a tenancy agreement requires preparation (no charge for checking one existing agreement) | £25 plus VAT per additional agreement where more than 1 agreement requires checking £100 plus VAT per agreement where a new / revised agreement requires preparation | £25 plus VAT per additional agreement where more than 1 agreement requires checking £100 plus VAT per agreement where a new / revised agreement requires preparation |
| Bankruptcy entries | Bankruptcy Entries or the Register of Inhibitions in Scotland which requires investigation | £100 plus VAT | £100 plus VAT |
| CHAPS same day bank transfer | Same day transfer funds if the applicant, an existing lender or creditor or returning back to Aldermore | £35 plus VAT | £35 plus VAT |
| Change of the applicant’s name | By deed poll and / or obtaining a statement of truth if an applicant has changed his/her name since the date the property was acquired | £50 plus VAT | £50 plus VAT |
| Checking personal guarantee | Where Aldermore has approved Independent Legal Advice to be waived, to check the completed waiver and Personal Guarantee document. | n/a | £150 plus VAT |
| Corporate guarantee | When required | n/a | £150 plus VAT |
| Independent conveyancer | Other than where the applicant is separately represented | £150 per hour plus VAT | £150 per hour plus VAT |
| Creating a lease | Indicative fee where a new lease is required. Your solicitor will confirm exact cost during the transaction | £1200 plus VAT | £1200 plus VAT |
| Deed of Postponement | Where required (Ranking Agreement in Scotland | £150 plus VAT and any fee charged by the Land Registry | n/a |
| Deed of Priority | Where required | n/a | £150 per hour plus VAT or £650 plus VAT (which ever is lower) on our standard form |
| Deed of Subordination | Where required | n/a | £100 plus VAT |
| Deed of Variation | Where required | £150 plus VAT and any fee charged by the Land Registry. Case dependent, where a bespoke document is required | £150 plus VAT and any fee charged by the Land Registry. Case dependent, where a bespoke document is required |
| Easements | Where a Deed of Grant or Release of Easement is require | £150 plus VAT and any fee charged by the Land Registry | £150 plus VAT and any fee charged by the Land Registry |
| First Registration | Where the title to the property is not already registered at the Land Registry under its own separate title (including titles currently in the Register of Sasines) | £150 plus VAT and any fee charged by the Land Registry | £150 plus VAT and any fee charged by the Land Registry |
| HMO licence (per property) | Where an HMO licence requires investigation or arranging (no charge will be made for a simple local authority check that can be carried out online) | £100 plus VAT per property | £100 plus VAT per property |
| Leasehold fee | For reviewing a lease (not applicable in Scotland) This fee will also be charged on Free or Assisted legal cases where applicable | £250 plus VAT | £250 plus VAT |
| Personal Guarantee | Including Independent Legal Advice – where a personal guarantee is required through an Aldermore conveyancer | n/a | £250 plus VAT including independent legal advice either by video telephony or face to face in person |
| Registering a 3rd party transfer or lease | Where a transfer or lease requires registration at the Land Registry (not applicable in Scotland | £100 plus VAT and any additional land registration fees, searches, or stamp duty land tax payable and any fee charged by the Land Registry | £100 plus VAT and any additional land registration fees, searches, or stamp duty land tax payable and any fee charged by the Land Registry |
| RX3/RX4 forms or Land Registry | Where a restriction requires registering or removal at the Land Registry using RX3/RX4 forms | £50 plus VAT and any fee charged by the Land Registry | £50 plus VAT and any fee charged by the Land Registry |
| Simple Declaration of Trust | Where a Declaration of Trust is required (not applicable in Scotland | £100 plus VAT | £100 plus VAT |
| Statutory Declaration | Where a Statutory Declaration or Statement of Truth is required (not applicable in Scotland) | £100 plus VAT | £100 plus VAT |
| Transfer of equity | Acting on behalf of Aldermore and/or the applicant in a Transfer of equity | £100 plus VAT (acting for Aldermore) £200 plus VAT (acting for both Aldermore and the applicant) | £100 plus VAT (acting for Aldermore) £200 plus VAT (acting for both Aldermore and the applicant) |
| Title Split | Indicative fee for splitting an existing single title, ready for completion. Your solicitor will confirm exact cost during the transaction | £500 plus VAT | £500 plus VAT |
| Model Articles Amendment | £250 plus VAT | £250 plus VAT | |
| Bespoke sundry additional work | Any bespoke additional work will be agreed between the conveyancer acting for Aldermore and the applicant or the applicants conveyancer | By agreement prior to the work being undertaken to include any third-party fees where known at that time | By agreement prior to the work being undertaken to include any third-party fees where known at that time |
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