Remortgage Fees

• Leasehold: £100 - £300 (+20% VAT of £20 - £60)
• Telegraphic Transfer: £49.50 plus  VAT
• Islamic Mortgage: from £800 plus VAT
• Second Equity Charge Redemption: £100 (+20% VAT of £20)
• ID/AML Checks: £49 plus VAT per person
• Office Copies: £85 plus VAT
• Pre-Completion Searches: £49 plus VAT
• Search Indemnity: £75 plus VAT

Amount of average referral fee paid £150.

Please note this is our average referral fee. This fee will vary depending on the source of the instruction.

Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Search Pack (If required by your lender): £260 - £549 (+20% VAT of £52 - £109.80)

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

• If the property is leasehold;
• If there is a referral fee;
• If you wish for us to expedite your transaction;
• If we cannot meet you in person and will need to complete an electronic ID check;
• If you are a non-UK resident.
• Please contact us for a quote tailored to your particular transaction.

The length of time between instructing us to successfully completing the remortgage process and your new lender details being submitted to the Land Registry, will depend on a number of factors. The average process takes between 4-6 weeks, however if your property is a leasehold it may take longer as we may need to liaise with your Landlord or Management Company.

It can be quicker or slower, depending on the nature of your individual circumstances, the timeliness of each party’s responses and returning of documents. For example, if you are remortgaging a property with a second equity redemption charge, this can increase the timeframes when corresponding with the relevant Help To Buy authority, who will have their own timeframes, to remove the charge.

The precise stages involved in the remortgage of a residential property vary according to the circumstances; however below we have outlined the traditional stages we carry out on a standard remortgage.

• Take your instructions and give you initial advice;
• Obtain the Title Deeds from HM Land Registry;
• Receive your mortgage offer and report to you on this;
• Apply for searches or search indemnity (dependent on what your lender requires);
• Request an initial redemption statement from the lender;
• Send a draft completion statement for you to check;
• Report to lender and confirm you can comply with the mortgage conditions;
• Set a completion date;
• Reconfirm redemption figure;
• Transfer any remaining surplus to you;
• An application will be made to the Land Registry with the new lender’s interest.

*Our fee assumes that: 

• This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction;
• The transaction is concluded in a timely manner and no unforeseen complication arise;
• 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;
• You are referring to us directly and not through a panel or agent where referral fees may apply, these will be disclosed to you in our client care letter.

Please contact us for a quote tailored to your particular transaction.