Re-mortgage Fees

Our Service

We provide residential conveyancing services in England and Wales for parties who wish to re-mortgage an existing property with a new lender. We conduct relevant searches, and prepare and approve the relevant documents.  We will register the new lender’s mortgage.

Fixed Fees

We charge legal fees as a fixed sum, except where we discuss this with you in advance.

Legal Fees

Our average re-mortgage amount is approximately £125,000.

Our legal fees for a standard house re-mortgage range from £460 plus £92 VAT (at 20%) for a £125,000 re-mortgage. Your legal fees include the following services: mortgage admin, archiving fee. We will also charge for the following as additional legal fees, Telegraphic Transfer £30 (VAT inclusive) for each transfer of money, £30 (vat inclusive) for electronic registration of your property at the Land Registry and ID verification of £15 (inclusive of vat).

The examples given are for a typical standard freehold re-mortgage, with no complications. A higher or lower charge may apply if your instruction involves, for example, a higher or lower re-mortgage amount, a leasehold apartment, a management company, shared ownership, buy-to-let, unregistered title, a transfer of equity.

We will always give you an individual cost estimate tailored to the personal circumstances of your re-mortgage.

Complications may only be discovered as your re-mortgage progresses and therefore might not be known at the outset. We will always tell you immediately if complications apply to your re-mortgage.

We will charge the rate of VAT current at the time of providing you with an estimate.

Disbursements

In addition to legal fees we will charge you for disbursements. These are costs paid to third parties that relate to your matter, for example Land Registry fees.

For a typical standard freehold house re-mortgage, with no complications, the cost of disbursements will include:

Land Registry Searches £8

Land Registry registration fee £20

Disbursements are likely to be different for each customer as they depend on individual circumstances, and what becomes known during the transaction.

We will always give you an individual cost estimate tailored to the personal circumstances of your re-mortgage.