Frequently Asked Questions:
Transfer fees
A transfer fee may be paid to the landlord upon the sale of a property under the terms of the lease/deeds. A fee may also be required for the development contingency fund.
Peverel Retirement does not benefit from these fees in any way.
Currently this fee is payable under the terms of the lease/deeds and is simply collected by Peverel Retirement and passed on to the landlord.
The lease/deeds created by the developer will set the percentage of the transfer fee.
These charges are currently being reviewed by the Office of Fair Trading (OFT) and we are restricted from making any further comment until the OFT investigation is concluded. We will, of course, abide by the court ruling.
Peverel Retirement does not benefit from transfer fees and passes them directly to the landlord.
