Remortgage of residential property fees

In essence, remortgaging is the act of switching your existing mortgage to a new deal, either with your existing lender or a different provider. You’re not moving house and the new mortgage is still secured against the same property. Our fees cover all of the work required to complete the remortgage of your home, including acting for the new lender and dealing with registration at the Land Registry. 

Conveyancer's fees and disbursements:

+ Solicitors Fee,

Purchase Price less than £250,000                                      £400.00 + VAT

Purchase Price between £250,000 and £500,000              £550.00 + VAT

Purchase Price between £500,000 and £750,000              £800.00 + VAT

Purchase Price between £750,000 and £1,000,000           £950.00 + VAT

Purchase Price between £1,000,000 and £2,000,000      £1150.00 + VAT

Purchase Price between £2,000,000 and £3,000,000      £1450.00 + VAT

+ Redeeming each Charge £250 + VAT

+ Search fees,

  We are unable to provide at this time because it can vary depending on the post code, local authority and lender requirement.

    eg: Local Authority Search fee (estimate) £250.00 - £400.00

    VAT on search fee

+ HM Land Registry fee 

  This depends on the purchase price of your property and please follow the below link for fees.

    https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

+ Submitting Application to HMLR £150.00 + VAT 

+ Electronic money transfer arrangement fee £20.00 (per transfer) + VAT

+ Electronic money transfer fee £15.00 (per transfer) + VAT

+ Land Registry Priority Search £3.00 (per title)

+ Bankruptcy Search £2.00 (per person)

+ Identity Check £10.00+ VAT (per person)

+ Lawyer Checker (per firm) £12.00 + VAT 

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Who does your work in our firm?

Your work will be carried out by our Partner or Solicitor or Licensed conveyancer. 

How long will my house remortgage take?

How long it will take from your offer being accepted until the completion. The average process takes between 4 - 6 weeks.

Stages of the process

The precise stages involved in the remortgage of a residential property vary according to the circumstances. However, below we have suggested some key stages.

+Taking your initial instructions

+ Investigating the title to the property, ensuring that you are entitled to mortgage the property, that the property has all necessary rights and   is not subject to any restrictions which would impact the lender or affect their decision to lend.

+ Carrying out the necessary searches and raising any issues with you. Searches can take several weeks to come back after we have 

  requested them.

+ Reporting to you on your mortgage.

+ Obtaining your signature to the mortgage and any other relevant documents and obtaining any funds needed from you over and above 

  the new mortgage advance (if any).

+ Obtaining a redemption figure for any existing mortgages.

+ Reporting to your bank and requesting the mortgage advance

+ On completion paying off any old mortgages, accounting to you for any balance, and dealing with registration of the new mortgage at 

  the Land Registry.

+ Sending you a copy of the new land registry title showing you as the owner.

+ Our fee assumes that:

  a. this is a standard transaction and that no unforeseen matters arise including, for example, (but not limited to) an unregistered 

    or defective title, which requires remedying prior to completion or the preparation of additional documents ancillary to the main

    transaction

  b. the transaction is concluded in a timely manner and no unforeseen complication arise

  c. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

  d. no indemnity policies are required. Additional fees and disbursements may apply if indemnity policies are required.