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
- 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.
