Remortgaging

Remortgaging

Fees

Our fees cover all of the work required to complete the remortgage of your property, including dealing with the repayment of any existing Mortgages and the registration of your new Mortgage.

 

The example shown below shows the average cost for a standard freehold remortgage. This has been set out to show the legal fees, VAT payable on the legal fees and disbursements.

 

Disbursements are payments which we have to pay to third parties as part of the remortgage process, e.g. Search Fees, Land Registry Fees. A full case-specific estimate can be obtained by contacting us on 01782 615278


AVERAGE Conveyancing Fees

 

  • Professional legal fees: £350.00 (plus VAT £70.00) Total £420.00

 

  • Funds Transfer fee: £25.00 (plus VAT £5.00) Total £30.00

 

  • Average Cost of Disbursements: £66.00

 

  • Total estimated fees: £516.00


Disbursements

 

  • Copy title information document: £6.00

 

  • Search Insurance: £25.00 (on average)

 

  • Land Registry search: £3.00

 

  • Bankruptcy search (per name): £2.00

 

  • Land Registry fee: £30.00


Stages of the process


The scope of a typical Remortgage will include but not necessarily be limited to the following key stages:-

 

  • Taking your instructions and providing you with initial advice

 

  • Sending out our initial client care letter

 

  • Requesting a settlement statement from the existing Lender

 

  • Requesting a copy of your Title Documents from HM Land Registry

 

  • Receiving the Mortgage Offer from your new Lender and complying with any special conditions

 

  • Checking the Title of the property and verifying this with the information provided by the new Lender

 

  • Obtaining your signature to the Mortgage Deed

 

  • Review all documentation before arranging completion

 

  • Preparing and sending to you a financial completion statement

 

  • Request Mortgage funds from new Lender to complete and carry out pre-completion searches

 

  • Repay existing Mortgage on completion

 

  • Register new Mortgage at HM Land Registry

 

  • Provide you and the new Lender with a copy of the Title Information

  • Document following completion of registration formalities


Fee Assumptions


Our fees are based on the following assumptions; if these prove to be incorrect our fees may increase as a result:-

 

  • This is a standard transaction and that no unforeseen matters arise, including, for example, but not limited to, a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary 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 required (additional disbursements may apply if indemnity policies are required)

BUYING & SELLING YOUR HOME

PROBATE & ESTATES

Website SEQ

 Proudly created with Wix.com