Our fees cover all of the work required to complete the remortgage of your home.

We are required to charge VAT. VAT is a government tax that we are required to charge, and will usually be added at 20% to our fees and disbursements, except where we indicate the disbursements are outside the scope of VAT. The fees listed are our average fee ranges for a remortgage transaction. The fee (including additional fees and disbursements) may vary depending on the source of the instruction, your solicitor’s experience and location, the property price and what work we are required to do. Please complete the form below for a quote.

Disbursement

Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Search Pack (If required by your lender): £260 – £549 (+20% VAT of £52 – £109.80)

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

 

• • If the property is leasehold;

• • If there is a referral fee;

• • If you wish for us to expedite your transaction;

• • If we cannot meet you in person and will need to complete an electronic ID check;

• • If you are a non-UK resident.

• • Please contact us for a quote tailored to your particular transaction.

Remortgage time duration

The length of time between instructing us to successfully completing the remortgage process and your new lender details being submitted to the Land Registry, will depend on a number of factors. The average process takes between 4-6 weeks, however if your property is a leasehold, it may take longer as we may need to liaise with your landlord or Management Company.

It can be quicker or slower, depending on the nature of your individual circumstances, the timeliness of each party’s responses and returning of documents. For example, if you are remortgaging a property with a second equity redemption charge, this can increase the timeframes when corresponding with the relevant Help To Buy authority, who will have their own timeframes, to remove the charge.

Stage of the process

The precise stages involved in the remortgage of a residential property vary according to the circumstances; however below we have outlined the traditional stages we carry out on a standard remortgage.

 

• • Take your instructions and give you initial advice;

• • Obtain the Title Deeds from HM Land Registry;

• • Receive your mortgage offer and report to you on this;

• • Apply for searches or search indemnity (dependent on what your lender requires);

• • Request an initial redemption statement from the lender;

• • Send a draft completion statement for you to check;

• • Report to lender and confirm you can comply with the mortgage conditions;

• • Set a completion date;

• • Reconfirm redemption figure;

• • Transfer any remaining surplus to you;

• • An application will be made to the Land Registry with the new lender’s interest.