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Additional charges

Description of charge £ Contact
Processing/ approving a Deed of Variation to a lease
(where a leaseholder wishes to make an acceptable alteration to their lease in their favour)
 
£250.00 + (disbursements)  Homebuy Sales Team
Charge for an Assignment Fee
(for dealing with a sale where this fee is not detailed in the lease)
 
£250.00 Homebuy Sales Team
Answering solicitors enquiries relating to resales and RTB/RTA subsequent sales
(provision of information relating to management & service charges, sinking funds, cyclical maintenance)
 
See below Homeownership Management Team
1 – 4 Questions £50.00  
5+ Questions £75.00  
Dealing with Permissions
(e.g. for property improvements or alterations)
£30.00 Homeownership Management Team
Approving a further advance of mortgage or a remortgage
(where a shared owner is remortgaging)
 
£50.00 Homeownership Management Team
Notice of Assignment
(a notice served upon us that the ownership of a leasehold property has been transferred, which we acknowledge and receipt. Where there is a restriction registered in our favour, we may also need to provide a Certificate giving our consent to the transfer before it can be registered at the Land Registry.)
 
 £30.00 Homebuy Sales Team
Notice of Charge
(a notice served upon us that a property has been charged, which we acknowledge and receipt)
 
 £30.00 Homebuy Sales Team
Name Change
(where a leaseholder may want to change the names on their lease, after relationship breakdown for example)
 £30.00 Homebuy Sales Team
Copy of Buildings Insurance
(full document, where this has previously been provided)
 £30.00 (no charge for electronic copies of summary of cover via email) Homeownership Management Team
Copy Lease
(where we are asked to supply you with a copy)
 
 
 £50.00 Homeownership Management Team
Licence to Sublet
(where we approve a request to sublet a leasehold property subject to our conditions)
 
 £100.00 Homeownership Management Team
Staircasing
(when we process the application and transfer of increased equity)
 £150.00 Homebuy Sales Team
Deed of Covenant
(processing a Deed requiring a new freeholder (not leaseholders) to observe and perform a positive covenant against the property which would not automatically transfer to any subsequent purchaser e.g. payment of service charge)
 
 £30.00 Homebuy Sales Team
Redemption of Equity (Homebuy) Loan
(where a loan was provided by the Association under either the Homebuy, Key Worker or Open Market Homebuy schemes or other similar equity loan scheme provided)
 
 £150.00 Homebuy Sales Team
Sending additional arrears letters
(where we have to send out  follow up letters as a result of non engagement or non compliance to clear outstanding debt / arrears)
 
 £30.00 Homeownership Management Team


All fees subject to VAT at prevailing rate.  Charges effective from January 1, 2010.

Nectar Homes Station Road, Worle, Weston-super-Mare, BS22 6AP. T. 08458 504 505 E. mail@nectarhomes.co.uk