Understanding your fees and charges

As a Leaseholder of Alliance Homes you may from time to time find the need to access information, seek permission to carry out work on your home, or, in the worst case scenario, you may fall in to arrears with your rent, service charges, or both.

This document provides a summary of the fees and charges associated with the time and work required to process and provide the information required.

Fees and charges

1. Selling and staircasing

If you decide to sell your home, your buyers solicitor and lender will require a significant amount of information from us which forms part of our Sales Pack. This includes details such as; buildings insurance information, a breakdown of service charges paid/owed, along with the value of any sinking fund built up (if applicable).

If you are able to buy additional shares in your property (known as staircasing) there are costs you will need to consider, which are detailed below.

Associated fees and charges

1.(a) Sales Pack
When the time comes to sell your property, your buyers solicitor and mortgage provider will require evidence to satisfy themselves that everything is in order, some of which we will provide (as summarised below).

Detail

Charge

1. Response to Enquiries

2. Buildings Insurance Schedule

3. Insurance Summary of Cover

4. Service Charge Estimate for Current Year

5. Three Years Annual Certificates

6. Summary of Annual Meeting

7. Fire Risk Assessment

8. Completion Statement of Accounts for Service Charges and Major Works.

 

£252.00

1.(b) Requests for additional information

Detail

Charge

Your solicitor or other third parties may require additional information from us. In these cases we charge for
the additional work at a set hourly rate (a minimum of 1 hour charged)

£54.00 per hour

1.(c) Relating to selling your shared ownership home

Detail

Charge
1. Sales Fee: only payable when we find you a buyer within the nomination period

Refer to your lease

2. Admin Fee: only payable if you sell through someone other than Alliance Homes outside the nomination period (i.e. not via Alliance Homes/So Resi).

£300.00 

3. Our legal fees; to process the transaction

£480.00 
4. Notice of Assignment, Mortgage Offer Approval and Certificate of Compliance

£84.00 each 

1.(d) Fees linked to buying more shares in your shared ownership home (known as staircasing)

Detail

Charge

1. Admin Fee

£250.00
2. When you staircase to 100% there is a fee for drafting the transfer of the Freehold by our solicitors (where applicable)

£300.00
2. Permissions

Under the terms of your lease you will be required to seek permission to undertake various works or improvements within your home. We advise you check your lease and ensure you seek permissions where required.

Associated fees and charges

2.(a) As a Leaseholder you are required to gain permission for any major and some minor improvements to your home, to sub-let (where permitted) and to keep pets (see your lease)

Detail

Charge

1. Approval to sub-let

£30.00

2. Permission letter

£42.00

3. Permission letter which includes a site visit

£120.00 

4. Lease Extension*

£120.00

*You will also be responsible for legal costs and a valuation survey report fee.

3. Notices

These are normally documents which are required to legally amend or update the terms of your ownership.

Associated fees and charges

3.(a) Fees linked to legal documents relating to proof of ownership

Detail

Charge

1. Notice of Transfer/Assignment

£60.00

2. Notice of Charge/Change of Lender

£30.00

3. Postponement of Charge

£180.00

 

4. Copy Documents

We understand documents can be lost or get damaged. When this occurs we can arrange for copies to be sent to you. In most cases, we can send you the document digitally by email. However, on some occasions, there may be a need to send it in writing through the post.

Associated fees and charges

4.(a) At times we can all misplace, lose or damage important documents. If this happens we may be able to provide copies as per the schedule below.

Detail

Charge

1. Buildings Insurance Certificate

£24.00

2. Service Charge Estimate

£24.00

3. Service Charge Annual Certificate

£24.00

4. Digital Lease (emailed)

£42.00

5. Printed Lease (printed & posted)

£60.00

           

 

5. Arrears

We hope this is not an area that you will need to pay too much attention too, however, should you fall in to arrears, it requires us to follow a number of set processes, which takes up time and incurs costs.

Associated fees and charges

5.(a) If you find yourself falling in to arrears there are set processes we must follow which will result in the charges below (where applicable).

Detail

Charge

1. Escalation letter (triggered on the 3rd letter/contact within your service charge year)

£54.00

2. Additional letters (these are in addition to 5.(a).1)

£18.00

3. Applications for a County Court Judgment (CCJ)

As set by the relevant Court.

3.a Our admin costs relating to the Court application (based on a hourly rate)

£54.00 per hour.

Contact us

If you have any questions about our leasehold fees and charges, please contact the leasehold team by:

 

 

 

 

 

Useful resources and related information