Third-party costs in security interests in Scotland
jurisdiction
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? | |
2.1 Shares pledge | No. |
2.2 Assignation of Rents / Assignation in Security | No. |
2.3 Bond and Floating Charge | No. |
2.4 Standard Security | Yes – GBP 60 per Land Register Title Number affected. |
2.5 Guarantee | No. |
2.6 Ranking Agreement | Yes – if ranking standard securities then (i) GBP 60 per Land Register Title Number is payable if property affected is land registered and / or (ii) GBP 60 per Sasines County is payable if property affected is not land registered. |
3. Do the following securities / deeds require to be registered at the Local Registrar of Companies and what fees are payable? | |
3.1 Shares pledge | Yes – GBP 15 if being filed electronically. Otherwise GBP 23. |
3.2 Assignation of Rents / Assignation in Security | Yes – GBP 15 if being filed electronically. Otherwise GBP 23. |
3.3 Bond and Floating Charge | Yes – GBP 15 if being filed electronically. Otherwise GBP 23. |
3.4 Standard Security | Yes – GBP 15 if being filed electronically. Otherwise GBP 23. |
3.5 Guarantee | No. |
3.6 Ranking Agreement | Yes – if the ranking affects a floating charge granted by a Scottish Company – but no fee is payable. |
Please note that while the information on this page was current and accurate as at 16/9/16, 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!
Please refer to the following websites for further details on Land Registry and Companies Registry costs:
