Remortgage Fees

A Guide to our residential conveyancing costs

It is not possible to give precise costs1 figures without first understanding your specific transaction and your exact requirements. This costs guide is only an indication of the likely approximate cost of a transaction. For a costs estimate specific to your transaction, please contact us. This costs guide is intended to give you an approximate idea of the overall legal costs and is based on the average amount of work involved in a basic house remortgage.

Typical Remortgage Fees
Legal Fees2 (Inclusive of VAT at 20%)£150 - £900
Additional fees are included in the above range and are applied where applicable. Some typical examples of these are as follows (inclusive of VAT).:
Leasehold purchase fee
Banking and bank charges fee
Lawyer Checker fee
ID verification administration fee
OS1 search fee
Office copies fee
Bankruptcy search fee
Fee for provision of general searches, which includes local authority, water and drainage, and environmental searches
Search Indemnity fee – this is for a no search indemnity policy (Inclusive of VAT at 20%)£30.00 - £50.00
We carry out searches on a re-mortgage only if it is a requirement of the lender (below are an indicative costs if searches are required).
Search Fees (Inclusive of VAT at 20%) (these are not included in the legal fees mentioned above)£50.00-£70.00 (per search)
Dependant on the property type and location examples of these can be:
Mining Search
Brine Search
Chancel Search
Other Disbursements3 (no VAT)*£20.00 - £140.00
Land Registry Fee£20.00 - £140.00

1 Costs means fees and disbursements, taken together
2 Fees means our charges for the work we do for you (including any VAT element)
3 Disbursements means any costs or expenses paid or to be paid to a third party on your behalf

Please contact us for a Free Quote.

A detailed quote will always be provided to you at the beginning of the case.

Our costs quotes for the work to be carried out are made on the following assumptions. If any of the assumptions are incorrect, we mayneed to revise our quotation:

  • That the property is registered land.
  • That you are obtaining a mortgage from a high street lender and that lender does not require separate legal representation.
  • That no third parties’ consents are needed to the transaction.
  • That in the case of leasehold land that there is no freeholder’s or superior lessor’s consent required as a pre-condition of theremortgage.
  • That no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior tocompletion or the preparation of additional documents ancillary to the main transaction
  • That the transaction is concluded in a timely manner and no unforeseen complication arise
  • That all parties to the transaction are co-operative and there is no unreasonable delay from third parties providingdocumentation

How long will my Remortgage take?

The average length for a remortgage transaction from instruction to completion is about 4 weeks. However, the time an individual case takes to complete can vary greatly from this average, depending on the particular circumstances, and is largely the result of the readiness and willingness of all parties to proceed, the property title (eg freehold, leasehold, registered, un- registered), responses from landlords ormanagement companies, and other factors.

The following are some examples of factors which can affect the time a conveyancing transaction can take. This list is notexhaustive:

  • Delays by third parties
  • Where the resolution or conclusion of a matter is dependent on probate or divorce proceedings
  • Obtaining necessary information from third parties such as management companies or landlords
  • Complex titles
  • Leasehold properties and flats
  • Unforeseen work e.g. existing tenants in the property or obtaining planning and building regulation consents for worksundertaken, specialist reports required

Stages of the process

The precise stages involved in the remortgage of a residential property vary according to the circumstances. However, a standard remortgage transaction will usually involve the following stages (the typical stages listed below are reflected in the indicative costs referred to above):

  • Take your instructions and give you initial advice
  • Reviewing the title to the Property
  • Reviewing and deal with requirements of your Lender
  • Reporting on the terms of the mortgage offer to you
  • Reporting on the title of the Property to the Lender
  • Registering the Lender’s charge at the Land Registry
  • Dealing with post completion matters