Re-mortgage of a Residential Property

Our fees cover all of the work required to complete the transfer of equity of the property.

Conveyancer’s fees and disbursements:

Value of property                           Legal fees:

Any value                          £350.00 plus VAT                       

Electronic money transfer fee £30 plus VAT of £6

Disbursements:

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.

Land Registry registration fee on a scale dependent on price as per link

https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-2-fees

Land Registry search                          £3.00

Bankruptcy search                              £2.00 per name

Office Copies                                      £6.00

No searches indemnity insurance

(if your lender accepts this)                 £20-£30

Local Search (if your lender does

Not accept indemnity insurance)         £80.00

Stages of the process

The precise stages involved in the transfer of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice

  • Obtain Office Copies

  • Obtain and report on the mortgage offer

  • Obtain your signature to the mortgage

  • Carry out search/indemnity insurance

  • Check whether you have made alterations, erections or installations at the property and obtain appropriate paperwork

  • Obtain redemption figure from your existing lender

  • Agree completion date

  • Complete re-mortgage

  • Deal with application for registration at Land Registry

The process will take around 2-6 weeks.