Re-Mortgage / Equity Release

Conveyancing Estimated Charges

RESIDENTIAL RE-MORTGAGE / EQUITY RELEASE

Our fees cover all of the work* required to complete the re-mortgage of your property, including dealing with registration at the Land Registry.

Conveyancer’s fees and disbursements

  • For transactions up to £2,000,000 our legal fees between £1,250 and £2,500 depending on whether your lender is using their own solicitor plus VAT
  • Search fees approx. – depends on location of the property
  • HM Land Registry fee – depends on the value of the loan
  • Priority search £3
  • Bankruptcy search £2 per person

The precise stages involved in the re-mortgage of a residential property vary according to the circumstances but generally include the following:

  • Taking your instructions and giving you initial advice
  • Liaise with you in satisfying any conditions of the mortgage offer
  • Carry out searches
  • Agree completion date
  • Request redemption statement from any existing lenders
  • Redeem any existing mortgages and account to you with the balance sale proceeds
  • Pay any broker’s fees
* Our fees assume that:
  1. 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
  2. the transaction is concluded in a timely manner and no unforeseen complication arise
  3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  4. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.