Conveyancer’s fees and disbursements
Mortgage/Remortgage of residential property
Our fees cover all the work required to complete a new mortgage over your property or a re-mortgage including dealing with registration at the Land Registry.
- Our Legal fees on your Remortgage:
£700.00
- VAT on the above
£140.00
- Total
£840.00
- Disbursement:
- HMLR Office Copy Entries (Approx)
£6.00 (£3 per copy document required)
- Searches
£200.00
- Indemnity Policy (if required)
TBA
- HMLR Search (OS1)
£3.00
- HMLR Bankruptcy Search
£2.00 (per person)
- HMLR Registration fee
- Bank Transfer fee(s)
£18.00 (£18 per transfer required)
- Estimated total
£1,069.00
*The Land Registry fees are based on the value of the property being between £0 – £500,000 should the value of your property before than £500,001 then the fee will increase to £60. Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
How Long Will My Mortgage/Re-Mortgage Take?
The average mortgage/re-mortgage transaction takes approximately 4-8 weeks. This can depend upon the length of time it takes to receive a mortgage offer and deal with any lender requirements.
Stages of Process
The precise stages involved in the mortgage/re-mortgage vary according to the circumstances. However, the following list may assist in your understanding:
- Take instructions from you, send out initial letter and forms for you to complete
- Receive Mortgage Offer from your new Lender
- Obtain a redemption figure from your existing Lender
- If your property is Leasehold, then we will need to liaise with your Landlord/Management Company to obtain their requirements
- Report to you on the paperwork including the mortgage papers
- Agree completion date
- Obtain an up to date redemption figure from your current Lender and the up to date position regarding payment of any service charges (if applicable)
- Arrange for all monies needed to be received from your Lender if appropriate
- Complete your mortgage/re-mortgage
- Deal with application for registration at H.M Land Registry
- Send you a copy of the title information document and any other relevant document
