Our fees cover all of the work* required to complete the mortgage or remortgage of your existing home, including dealing with registration at the Land Registry.
The precise stages involved in the mortgage/remortgage of a residential freehold property vary according to the circumstances. However, the list below highlights the main stages which may be included in our work:
As an example our fees and disbursements** for a remortgage of a property with a value of £180,000 which has been registered at the Land Registry are as set out below;
|Electronic ID verification fee (if we haven’t acted for you in last 3 years)||
|Electronic money transfer fee (to repay existing mortgage)||
|VAT payable on fees||
|HM Land Registry fee (registered title)||
* The above estimated fees are given on the basis that the following points apply;
Anticipated Disbursements ** (for leasehold properties only)
There are certain disbursements which will be set out in the individual lease relating to the Property. We will update you on the specific fees upon receipt and review of the lease as these disbursements can on occasion be significantly more than the ranges we have given. The disbursements which we anticipate will apply are set out below. This list is not exhaustive and other disbursements may apply depending on the term of the lease.
** What are Disbursements?
Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
How long will my mortgage/remortgage take?
How long it will take from your offer being accepted until you can complete the transaction will depend on a number of factors. The average process takes between 6-12 weeks.