1. Is notarisation required and are fees payable? | No. |
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2. Do the following securities / deeds require to be registered in the Local Property Register and what fees are payable? |
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2.1 Shares pledge | No. |
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2.2 Legal Mortgage | Yes. Land Registry fees vary from GBP 40 to GBP 250 per registered title depending on the transaction value (i.e. the amount secured by the charge) or in certain circumstances the value of the property secured. |
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2.3 Debenture (includes fixed charges and a floating charge over all assets) | Yes, the Debenture must be registered at the Land Registry if it contains a legal mortgage over land. Land Registry fees vary from GBP 40 to GBP 250 per registered title depending on the transaction value (i.e. the amount secured by the charge) or in certain circumstances the value of the property secured. |
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2.4 Share Charge | No. |
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2.5 Guarantee | No. |
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2.6 Subordination Agreement / Intercreditor Deed / Deed of Priority | Yes. Land Registry fees are fixed at GBP 40 per registered title for up to three titles and GBP 20 for each additional title. |
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3. Do the following securities / deeds require to be registered at the local Registrar of Companies and what fees are payable? |
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3.1 Shares pledge | Yes – Companies House fees are GBP 15 for registration using the electronic filing process or GBP 23 for registration using the paper filing process. |
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3.2 Legal Mortgage | Yes – Companies House fees are GBP 15 for registration using the electronic filing process or GBP 23 for registration using the paper filing process. |
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3.3 Debenture (includes fixed charges and a floating charge over all assets) | Yes – Companies House fees are GBP 15 for registration using the electronic filing process or GBP 23 for registration using the paper filing process. |
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3.4 Share Charge | Yes – Companies House fees are GBP 15 for registration using the electronic filing process or GBP 23 for registration using the paper filing process. |
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3.5 Guarantee | No. |
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3.6 Subordination Agreement / Intercreditor Deed / Deed of Priority | No. |
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Please refer to the following website for further details on Land Registry registration costs:
https://www.gov.uk/guidance/land-registry-registration-services-fees
Please note that while the information on this page was current and accurate as at 25/8/16, it may no longer be current or accurate and so you must speak to your local CMS Banking contact if you require confirmation of any of the costs or fee levels as at today’s date!
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