Additional Work

Additional Fee (excluding VAT)

Removing third and subsequent charges

£30.00

Help to Buy (HTB) Equity Loans, removal of 2 ^nd charge and additional work to deal with settlement of the loan.

£75.00

Shared Ownership Leases – only where an additional share is being purchased

Note: does not apply to Shared Ownership Scheme like for like remortgages

£195.00 plus disbursements

Shared Ownership Leases – only where a final share is being purchased (inclusive of Transfer of Title fee and SDLT Administration fee)

£390.00 plus disbursements

Telegraphic Transfer Fee for:

- Surplus Home Owner Loan funds to customer

- To settle any loan secured by a second charge, including HTB Equity Loans

- Consideration monies to outgoing party/ies

- To send funds to any other nominated 3rd party

£25.54

Note: where the transfer value is less than £500, the customer should be offered BACs as an alternative to a TT CHAPs payment. (The customer has the option to select payment by TT where the value is less that £500 and will be charged the agreed rate). Funds sent via BACS will take 3 working days to credit an account.

Repaying the lending and dealing with the discharge of the security on another property.  

Note this fee is in addition to the Telegraphic Transfer fee to send the funds to the lender.             

£95.00 plus disbursements

Liaising with a nominated 3 ^rd party e.g., Customer’s solicitor for an onward purchase.

Note:   this fee is in addition to any Telegraphic Transfer Fee for sending the funds to the nominated 3 ^rd party.

£40.00

First registration at Land Registry

£95.00

All disbursements above £40.00

First registration in Scotland (from Sasine Register, excluding disbursements)

(Complex registration will incur higher fees which your law firm will confirm)

£95.00

Stamp Duty Land Tax in England and in Northern Ireland (SDLT); or Land Transaction Tax in Wales (LTT); or Land and Buildings Transaction Tax (L&BTT) in Scotland – administration fee

In relation to Transfer of Equity or Purchase of a further / final share transactions.

Completing and submitting the relevant return including making payment due.

£75.00

Islamic finance: removal of existing leasehold title specific to the finance

£195.00

Buy to Let: Drafting the new

- Assured Shorthold Tenancy agreement in England,

- Standard Contract in Wales,

- Non-Rent Controlled Tenancy in Northern Ireland,

- Private Residential Tenancy in Scotland

£95.00

Obtaining and verifying Identification on a customer based overseas – per customer

£25.00

Declaration of trust

Note: the Panel Firm may only act for the customer in preparing a Declaration of Trust if the customer has also instructed the firm to complete a Transfer of Title.   The Declaration of Trust must be approved by HSBC before the Certificate of Title is submitted to HSBC.  

£195.00

Freehold interest purchase

£350.00

Lease extension – approving and registration a lease extension or deed of variation.

Note: the customer is to instruct own solicitor to negotiate and draft the lease extension

£250.00

Name Change

£10.00

Removing or satisfying a restriction

£150.00

Satisfying an Anti-Fraud Restriction.  

Note:   customer to appoint their own legal representation to witness the mortgage deed being signed and provide the required certification                      

£75.00

Land Registry Amendments or Corrections:

-          registration address;

-          Name (on marriage or deed poll change)

-          Verifying the borrowers name or address to Land Registry

-          Correspondence address for Buy to Let cases

England & Wales, Scotland:

£10 plus VAT per change

Northern Ireland:

£25 plus VAT per change plus disbursements

Providing a copy title information document/ updated registers of title to customer

£10.00

Additional searches, office copies, plans

Variable third-party costs only

Transfer of Title/Equity

Note: the Panel Firm shall continue to process instructions where it has been established that the customer requires a transfer of equity at the same time as the remortgage.   This is on the understanding that the customers have not been unduly influenced and are provided with independent legal advice.

Disbursements include:

-          bankruptcy search  

-          electronic identification

£245.00 plus disbursements

£2.00

£2.54

Return of pre-registration documents to the Customer

Sent Royal Mail Special Delivery - £10.00

Sent Royal Mail first class post – No Charge

Consent to charge

£130.00

Deed of Postponement including Right to Buy discount postponement

£195.00

Landlord/Management Companies

Any notice fee payable to the landlord/management company in accordance with the terms of the lease/transfer

Checking and approving an existing solar panel lease

£90.00

Indemnity Insurance

Cost for the insurance policy only.

No fee to be charged for arranging the policy.

Customer Requirement

Customer Solicitor

HSBC UK Requirement

Customer Pays (excl. VAT)

Remortgage and Transfer of Title - customer solicitor acting for the Transfer of Title

Y

To act for the Bank in relation to the Transfer of Title and the remortgage.   Consideration monies to be sent directly to the outgoing parties’ solicitor. Issue instructions to the customers solicitor with regard to Bank requirements.

£245.00

Internal remortgage and Transfer of Title - customer solicitor acting for the Transfer of Title

Y

To act for the Bank in relation to the Transfer of Title and the remortgage from HSBC.   Consideration monies to be sent directly to the outgoing parties’ solicitor. Issue instructions to the customers solicitor with regard to Bank requirements.

£245.00

Customer wishing to remortgage from another lender and purchase the freehold of their property- they have a solicitor

Y

To act for the Bank with regard to the remortgage and purchase of the Freehold. Issuing instructions to customers solicitor. Registration of the new charge and money transmission

£350.00

Customer wishing to remortgage from another lender and purchase the freehold of their property - they do not have a solicitor

To act for the customer and the Bank. Taking a new charge, repaying the previous lender, apportioning freeholder funds and proceeding to registration of the charge

£350.00

Remortgage from a previous lender where one of the owners is now deceased customer has a solicitor dealing with the Probate

Y

To act for the Bank. Issuing instructions to the customers solicitor and proceeding to registration of a new charge.

£75.00

Remortgage from a previous lender where one of the owners is now deceased customer does not have a solicitor dealing with the Probate

To act for the customer and the Bank. Repaying the previous lender and proceeding to registration of a new charge.

£75 plus POA dependant on estate

Unencumbered HOL - customer is registered as the property owner but no other charges are registered and/or repaying unsecured lending

To act for the Bank concluding in the registration of our charge.  

£25.54

Further Advance - Standalone HOL to repay 2nd Charge to another financial institution

To act for the Bank. Repay the previous Lender

£30.00

Further Advance - Standalone HOL to repay personal 2nd Charge (non financial institution)

To act for the Bank. Repay the personal charge.

£30.00

Further Advance where one of the owners is deceased and probate has not been granted - property is held as tenants in common - customer requires a solicitor

Y

To act for the Bank. Issuing instructions to the borrowers solicitor, checking security and registration of new charge

£100 + POA

Purchase of an additional/final share of a Shared Ownership Property - no change to existing HBUK lending

To act for the Bank checking the shared ownership lease, taking and registering a new charge.

Further Share £195

Final Share £390

Plus Land Registration   fee

Purchase of an additional share of a Shared Ownership Property - remortgage of HBUK lending

To act for the Bank checking the shared ownership lease and taking a new charge where applicable, repaying HSBC original lending where applicable.

Further Share £195

Final Share £390

Plus Land Registration fee

Purchase of an additional share of a Shared Ownership Property - remortgage from another lender

To act for the Bank checking the shared ownership lease and taking a new charge where applicable, repaying the previous lender and proceeding to registration of the charge.  

Further Share £195

Final Share £390

Plus Land Registration fee