Typical Fees (Re-mortgage of a Freehold or Leasehold Property)

Legal Fees

Our legal fees will include our fee for acting on behalf of a mortgage lender and will typically range between £500 & £750 and be based on the hourly rate of the Solicitor or Executive dealing with your purchase – see our Terms of Business

VAT payable on our Legal Fees: –  typically ranges between £100 and £150

Our Electronic Money Transfer Fee: £35.00 per transfer

VAT payable on our Electronic Money Transfer  fee - £7.00 per transfer

Our Electronic Anti-Money Laundering Fee: £10.00

VAT on Electronic Anti-Money Laundering Fee - £2.00

 

NB This estimated figure assumes that:

  • this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in the title of the property which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction;
  • all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  • no indemnity policies are required. Additional disbursements may apply if indemnity policies are required;
  • the re-mortgage is not an Equity Release Mortgage – See below

PLUS whoever you arrange to do the conveyancing for you the following fees will apply:-

 

Disbursements

These are costs related to your matter that are payable to third parties such as Land Registry fees which we handle on your behalf to ensure a smoother process. Typical costs are:-

Bankruptcy Search fee: £2.00 per Client

Land Registry Fee: Typically between £20 and £60

Search Fees if required by the Lender (to include Local Authority, environmental, planning, water & drainage & chancel repair:  £290 to £550 depending on the Local Authority

 

For Equity Release Mortgages - Legal Fees 

These include our fee for acting on behalf of a mortgage lender and will typically range between £900 & £1,200 and be based on the hourly rate of the Solicitor or Executive dealing with your purchase – see our Terms of Business

 

VAT payable on our Legal Fees:  These typically range between £180 and £240

Our Electronic Money Transfer Fee: £35.00 per transfer

VAT payable on our Electronic Money Transfer  fee - £7.00 per transfer

Our Electronic Anti-Money Laundering Fee: £10.00

VAT on Electronic Anti-Money Laundering Fee - £2.00

 

How long will it take?

How long it will take from you accepting your mortgage offer until the re-mortgage is completed will depend on a number of factors. The average process takes between 4 to 12 weeks. It can be quicker or slower depending on the Lender’s requirements..