Residential Department

Our fees cover all of the standard work required to complete the re-mortgage of your property, including dealing with registration at the Land Registry.

Our quotation includes:-

• Taking instructions.
• Obtaining the title deeds and documents from any mortgagee where applicable
• Obtaining Redemption figures for any secured loans where applicable
• Obtaining Official Copy of Register Entries from the Land Registry where the title is registered
• completing the transaction
• dealing with the registration formalities
• discharging any existing secured loans (unless the property is transferred subject to this or insufficient funds are held to discharge)
• Providing you with a copy of the title after completion of the registration formalities

Our Quotation does not include:-

• Remedying any defects in the title
• advising you upon the terms of the title
• Discharging unsecured Loans
• Providing any financial advice
• Providing any advice or recommendations on tax, community care or welfare benefits or matrimonial issues*

Our Team

Our experienced team are here to ensure your transaction proceeds smoothly. All work is supervised by an experienced Partner. You can meet our Team here

How long will it take? 

How long it will take from your mortgage application to completion will depend on a number of factors. The average process takes between 6 and 8 weeks.

It can be quicker or slower, depending on when the mortgage offer is received and whether the property is freehold or leasehold or if there are any title issues.

There are often many other factors outside of our control which affect how long it will take to complete. This means we cannot tell you exactly how long the transaction will take but we will keep you informed of progress at regular intervals.

Below are the typical stages of a remortgage transaction

TYPICAL PROCESS/STAGES FOR A REMORTGAGE

How much will it cost? 

Each case and circumstances are different and it is impossible to provide an average cost. Our fees are generally calculated with reference to the amount of the mortgage but generally our standard fee scale ranges from £125.00 plus vat to £1000.00 plus vat. You can obtain a more accurate estimate by using our online quote facility here.

If the transaction aborts before the matter has completed we will charge you for the work we have undertaken to that point. Again every case is different and its hard to say what charge will be applied as the depends upon the work undertaken at that stage but as a general indication

In addition we will incur disbursements on your behalf. 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.

Please note that VAT is payable on our costs and on some disbursements. In addition we also charge a bank transfer fee for sending money through the electronic bank system.

Disbursements may include the following:

• Local Authority search
• Drainage search
• Environmental and flood search
• Chancel Repair indemnity policy
• Mining search
• Search insurance
• Land Registry searches
• Land Registration fee **

**Details of the Land Registry fees payable van be viewed at https://www.gov.uk/guidance/hm-land-registry-registration-services-fees.

In order to calculate the total costs associated with the transaction you will need to add the legal costs together with the VAT, any disbursements (and where applicable the VAT on these items).

You may also have third party fees to pay eg a Broker fee, Valuation fee leasehold or freehold management pack fee notice fee

Assumptions

Our fee assumes that:

1. That the property is registered with the Land Registry
2. That our investigations do not reveal any unexpected legal issues which must be resolved prior to completion
3. That you are having only one mortgage (and the lender is a member of the Council of Mortgage Lenders) and the remaining purchase funds are being provided by you
4. That you are buying the property for your own occupation, it is more than 10 years old and no alterations have been made to the property
5. That there are no other unusual problems or complications