Remortgage Solicitors

Our charges are broken down into costs and disbursements. Disbursements are costs payable to third parties such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Our estimates and quotes will give a breakdown of all charges and will then have a total figure, which is inclusive of VAT.

Costs on a remortgage

The average costs on a remortgage are £325 plus VAT at 20%

Search Pack (if required)
SIM search
Land Charges Search fee

If a search pack is not required the average cost will be in the region of £20. If a search pack is required the cost will range between £200 - £300 Plus VAT at 20%.

We make an additional charge of £25 plus VAT at 20% for each telegraphic transfer of monies that is required during the transaction.

Land Registry fees are also payable based on the amount of money being borrowed. Land Registry Scale 2 fees:

Value or amount	Apply by post	Apply using the portal or Business Gateway, for transfers of whole, charges of whole, transfers of charges and other applications of whole of registered titles	Apply using the portal or Business Gateway for registration of transfers of part, and all other Scale 2 applications that do not affect the whole of a registered title
0 to £100,000	£40	£20	£40
£100,001 to £200,000	£60	£30	£60
£200,001 to £500,000	£80	£40	£80
£500,001 to £1,000,000	£120	£60	£120
£1,000,001 and over	£250	£125	£250

Our fees assume that:

• This is a standard transaction and that no unforeseen matters arise for example (but not limited to) a defect in the legal title which requires remedying prior to completion or the preparation of additional documents, for example a Declaration of Trust
• For lease transactions this is an assignment of an existing lease
• That the transaction is concluded in a timely manner and that there are no unforeseen complications
• Additional payments may apply if indemnity policies are required
• If there is a ground rent, rent charge or Management Company involved further payments to third parties are likely to be required.

We charge additional fees for the following:

• New build
• Help to Buy Mortgages (but not Isa's)
• Verifying identity and additional source of funding from third parties other than our clients
• Shared ownership properties
• Checking auction packs where the transaction needs to be expedited.

Please note that Stamp Duty, VAT and other payments may be subject to variation.

It is a good idea to know what is involved and understand how the process works . For a more detailed guide to the process for a typical property sale and purchase see our Property Guide.

How long will it take?

A standard transaction will take approximately 8 weeks from the time we are instructed however there can be a number of factors which impact on the timescale such as:

• The number of parties in the chain
• If there is a delay in your mortgage offer being issued or the offer is incorrect
• If there is something unexpected in your search results
• If the legal title to your property is complex
• If there is a Management Company involved
• The timescales wanted by other people in the chain

There are some variables with any property transaction so please either give us a call or drop us a line and we will give you a detailed breakdown of all the fees and costs involved for your particular circumstances.

How will we communicate with you?

At the outset of the transaction, we will ask you how you prefer to be contacted. If you have an email address this can save a considerable amount of time but buying and selling a property is not yet a paperless exercise so there will be some documents that will need to be signed by you. We will offer you a personal appointment in the office so you get chance to sit down with us so that we can talk you through the paperwork and the process face to face or, if you prefer, we will arrange a telephone appointment.