Our Fees – Re-Mortgaging a Residential Property.

Our fees cover all of the work required to complete the re-mortgage of your home.

This estimate is to provide an indication of our fees. However, we would suggest telephoning us on 01229 820297 to discuss your specific circumstance and obtain a free, no obligation quote.

Where there are complex or specific issues relating to your particular transaction further charges may apply and we would require this information before being able to provide a fixed quotation.

Our fixed fee for re-mortgages is £500.00 plus VAT

Disbursements

These are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Fees for H M Land Registry Searches:

Office Copies £6.00

Office Copy of Documents £3.00 per document

Land Registry Search £3.00

Bankruptcy (per name) £2.00

A Local Search may be required by the Mortgage Lender

Fees for Local Searches – The cost of these vary depending on location:

Barrow Borough Council £111.73 (including VAT)

South Lakeland District Council £125.44 (including VAT)

Copeland District Council £155.14 (including VAT)

Outside of these areas, please telephone for a quotation

Telegraphic Transfer Fee:

This is the cost of transferring the funds of the transaction electronically. TT Fee – £19.20 (including VAT) per transfer

LMS Panel Lenders

LMS is a conveyancing panel management specialist used by the below list of lenders. These lenders choose to issue their mortgage offers and supporting documentation through the LMS portal. LMS charge a fee for the service. Each lender charges £25.00 plus VAT administration fee for this service. If you obtain a mortgage from the below list of lenders the fee of £25.00 plus VAT will be an additional fee that will be charged and shown on our invoice to you.

Clydesdale Bank & Yorkshire Bank
HSBC
Natwest
Royal Bank of Scotland
TSB Bank
Virgin Money

HM Land Registry Registration Fees:

Where possible online registration is undertaken however there are certain circumstances where a postal application must be made, for example a First Registration

Purchase Price of Property	Online Registration Fee	Postal Registration Fee
£0 – £100,000	£20.00	£45.00
£100,001 – £200,000	£30.00	£70.00
£200,001 – £500,000	£45.00	£100.00

Factors that would typically increase the cost of our service, but not limited to:

If the legal title is defective or part of the property is unregistered
If crucial documents we have requested from you have not been provided
Where the re-mortgage is to pay off a number of liabilities or where they are linked matrimonial matters.
If the property is a flat
Where there are specific conditions in the mortgage offer e.g discharge of liabilities.

How long will my re-mortgage take?

The average process takes between 6-8 weeks but this can vary depending on a number of factors including the mortgage lender used.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include: