What we do
Costs and service information on remortgages
We set out below our legal fees and the estimated expenses involved in remortgaging a residential property. However, please do contact us so we can discuss our service offering with you.
Our fees below are for mortgage work if we are instructed by your lender and the mortgage terms and security requirements are no more onerous than a standard legal charge over the property. If your mortgage is more complex that a single legal charge our fees will be higher and we will be pleased to discuss what is involved and to agree a fixed fee.
|Loan value||Below £500,000||£500,000-£999,999||£1m-£1.499m||£1.5m – £1.999m|
|Freehold (house)||£750 + VAT||£850 + VAT||£1000 + VAT||£1,250 + VAT|
|Leasehold (flat)||£900 + VAT||£1000 + VAT||£1250 + VAT||£1,750 + VAT|
For remortgages above £2m our fees are generally at 0.125% of the loan value plus VAT.
Legal charges in addition to fixed fee:-
Money laundering search: £66 per person (£108 if overseas passport)
Bank transfer fee: £48 per bank transfer we make (you can expect 2 bank transfers)
Anticipated disbursements in addition to the fixed fee:-
Land registry fees: £40 (below £500,000) ; £60 (below £1m); £125 (above £1m)
Property searches: £230 (estimate, dependant on locality)
If you are remortgaging a leasehold there may be additional expenses under the lease, including:
Landlord’s fee for notice of mortgage: estimated at £72
Landlord’s fee for service charge information: estimated at £240
Our conveyancing team is led by and supervised by four partners with a wealth of experience all of whom are familiar with complex issues and potential pitfalls. Supporting the partners are a solicitor, licenced conveyancer and experienced ancillary paralegals.
Terms set out in our letter of engagement and terms of business will take precedence over any figures herein. This is an example provided for illustrative purposes to show how we work. Charges and costs vary considerably between matters. Consequently, this information is a general indication of costs based on an analysis of costs over the past two years. Please contact us for a personalised quote or to discuss the work involved.