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Home ownership fees for 2022/2023

Administration and other fees are payable by our home owners for specific services or transactions. They're not included as part of any service charges you pay. You may also be liable to cover our legal costs.

Fees are generally payable on application, with some exceptions. This table outlines administration fees. On enquiry you’ll be advised what’s payable, when payment is due and if there are any other related fees to be considered.

Staircasing

Fee type Charge (including VAT) Payable by
RICS-accredited surveyor panel rates £260 Homeowner - quote 'Latimer' on instruction
Administration - purchasing less than 100%
£250 Homeowner
Administration - purchasing 100%
£500 Homeowner
Cancellation - purchasing less than 100% £125 Homeowner
Cancellation - purchasing 100% £250 Homeowner

Alterations, improvements and purchase of loft space

Fee type Charge (including VAT) Payable by
Minor (some cases require a deed of variation)
£90 Homeowner
Major (will require deed of collateral warranty)
£300 Homeowner
Retrospective
Minor/Major fee +50% Homeowner
Purchase of loft space £250 Homeowner
Deed of collateral warranty From £1,200 Homeowner

Subletting

Fee type Charge (including VAT) Payable by
Leaseholder consent £90 Homeowner
Shared ownership requests £120 Homeowner

Pre-sales pack

Fee type Charge (including VAT) Payable by
Apartment £300 Homeowner
House £180 Homeowner
Additional Enquiries: up to six questions
£150 Homeowner
Nara Building and third party managing agents
£150 Homeowner

Lease extension

Fee type Charge (including VAT) Payable by
Formal (leaseholder only) £234 Homeowner - on completion
Informal (shared owners and leaseholders)
£234 Homeowner
Shared ownership house: lease extension premium is nil for 50 year extension
£234 Homeowner - on completion

Remortgage pack

Fee type
Charge (including VAT) Payable by
Apartment
£150 Homeowner
House £90 Homeowner
Additional Enquiries: up to six questions
£150 Homeowner

Transfers and remortgage

Fee type Charge (including VAT) Payable by
Remortgage £60 Homeowner
Transfer of equity £120 Homeowner
Deed of postponement (homebuy remortgage)
£120 Homeowner

Lease enfranchisement (purchase of freehold)

Fee type Charge (including VAT) Payable by
Formal and informal route £300 Homeowner

Notice fees

Fee type Charge (including VAT) Payable by
Notice of transfer £78 Purchaser
Notice or charge: resale £78 Purchaser - on completion
Deed of covenant £78 Purchaser - upon request
Certificate of compliance £60 Purchaser - on completion

Other fees

Fee type Charge (including VAT) Payable by
Deed of variation £234 Homeowner
Release of restrictive covenant
£600 Purchaser (due date TBC)
Homebuy redemption £250 Homeowner