Property Conveyancing Experts

Property Solicitors

Property Conveyancing Experts

Remortgage - Price ListENG

Overview

A remortgage is where you take out a new mortgage on a property you already own - either to replace your existing mortgage, or to borrow money against your property.

We ordinarily work on a fixed fee basis, so that our clients are aware of what the fees will be for a transaction from the very beginning. Our clients are provided with a cost estimate in writing – this way we can ensure that all fee estimates are adhered too and that there are not any hidden fees. If, however, new developments take place during the course of the transaction and it involves additional work, we will discuss any modification in fees with you first.

In most transactions, our legal fees for handling the conveyancing on a remortgage ranges from £750.00 - £2500.00 plus VAT.

Our legal fees cover all the work that is essential to complete a remortgage transaction. Please note that this will include the discharge of any existing first charge and the HM Land Registry application. Please note, the fee range quoted above assumes that it’s a standard transaction and no unforeseen matters arise including, for example (but not limited to), a defect in title which requires remedying before completion, or the preparation of additional documents supplementary to the main transaction, the transaction is concluded in a timely manner and no unforeseen complications arise, all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation, no indemnity policies are needed (there may be additional fees and disbursements if indemnity policies are required) and we are also instructed to act for your lender to complete the registration of the mortgage on your property.

The following is a list of things that we consider to be supplementary and not included in standard quote:

  • Arranging Indemnity Insurance (per policy) - £50.00 plus VAT
  • Telegraphic Transfer Administration Fee - £30.00 plus VAT
  • Redemption of Help to Buy (2nd Mortgage) - £150.00 plus VAT
  • Redemption of 3rd and subsequent mortgage - £150 plus VAT

Factors that may affect our Fees

During a transaction, there can be instances that may lead to an increase in our fees. Examples of this are the requirement for planning/building regulations indemnity, unregistered property and defective title. The examples stated are not definitive. If we believe that a factor is likely to affect your fees, we will of course notify you first before adding an additional fee to your transaction.

Services

Service Price
RemortgageIn most transactions, our legal fees for handling the conveyancing on a remortgage ranges from £750.00 - £2500.00 plus VAT. £750.00 Including VAT

Disbursements

Remortgage

Disbursement Price
Search IndemnityDisbursements are payable to third parties and are costs related to your matter, an example of this is Land Registry fees. We will tell you about any additional disbursements if they arise and agree these with you in advance. £20.00 – £70.00 Including VAT
Local Authority SearchDisbursements are payable to third parties and are costs related to your matter, an example of this is Land Registry fees. We will tell you about any additional disbursements if they arise and agree these with you in advance. £50.00 – £70.00 Including VAT
Official Copies of Title register from hm land registryDisbursements are payable to third parties and are costs related to your matter, an example of this is Land Registry fees. We will tell you about any additional disbursements if they arise and agree these with you in advance. £6.00 Including VAT
Notice of Charge Fee (Leasehold matters)Disbursements are payable to third parties and are costs related to your matter, an example of this is Land Registry fees. We will tell you about any additional disbursements if they arise and agree these with you in advance. £50.00 – £500.00 Including VAT
hm land registry feeHM Land Registry Fee will vary according to the amount of your new mortgage. We will provide you with the land registry fee on your quote, however you can calculate the amount you will need to pay by using visiting the HMLR website and selecting the land £1.00 – £100,000.00 Including VAT

Key Stages and Timescales

Remortgage

Key Stage Timescale
Pre-exchange 0 – 4 week(s)
Exchange of Contracts 4 – 6 week(s)
Completion 2 – 4 week(s)
Post-completion 0 – 8 week(s)

Professionals

Mark Gawor

Solicitor

Qualification Educational Institution
Post Graduate diploma in Legal Practice College of Law
Areas of Law Practiced Experience Time Spent
Residential Property 37 year(s) 50%
Commercial Property 37 year(s) 50%

Rebecca Bozier

Solicitor

Qualification Educational Institution
Post Graduate diploma in Legal Practice University of Reading
Areas of Law Practiced Experience Time Spent
Residential Property 24 year(s) 100%

Sameer Yousuf

Solicitor

Qualification Educational Institution
Post Graduate diploma in Legal Practice University of Westminster
Areas of Law Practiced Experience Time Spent
Commercial Property 17 year(s) 50%
Residential property 17 year(s) 50%

Neeru Sembi

Solicitor

Qualification Educational Institution
Post Graduate diploma in Legal Practice University of Leicester
Areas of Law Practiced Experience Time Spent
Commerical Property 15 year(s) 50%
Residential Property 15 year(s) 50%