Disbursements
Disbursements
Remember that when e-dealing the need for payment of the traditional agency fee in respect of discharges of securities on a sale transaction disappears. The discharge will be released by the vendor¡¦s solicitor and will involve no additional action by the solicitor submitting the e-dealing than would apply if there was no discharge. The only amounts payable in respect of e-dealings from vendor and purchaser will be the actual registration fee (at the e-dealing rate) for the discharge.
Disbursements should be paid by noting a credit in the settlement statement.
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