Residential Real Estate Transactions – Remortgage

For standard residential remortgage transactions this is the basic range of charges that we would seek to charge for a freehold and for a leasehold property. All our fees mentioned are exclusive of VAT.

Freehold £750 – £2,000
Leasehold £900 – £2,200

Different Lenders have different requirements that we may have to deal with on its behalf. Our fees will cover the redemption of any existing mortgage and the completion and registration of the new mortgage at the Land Registry.

In addition to our charges there will be additional payments that we will need to make to third parties. We can give you a better indication of what they are likely to be when we have details of the property.

A Land Registry fee will usually be payable. More information about these and how they can be calculated is available at the following website:

https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

The precise stages involved a remortgage vary according to the circumstances.

However, below we have suggested some key stages.

Take your instructions and give you initial advice
Check the requirements of your existing lender and obtain a settlement figure.
Go through conditions of mortgage offer with you and give you advice on all documents and information received
Arrange for all monies needed to be received from lender and discharge any existing mortgage.
Complete transaction and deal with application to clear any existing mortgage and register your new mortgage at the Land Registry

It is not possible to accurately guess how long the purchase of your property will take as this is often dependent on external factors and upon any special terms set by the Lender in your offer of mortgage. As a rough guide, on average, it usually takes 4 to 6 weeks.

These are the members of our team dealing with residential property work – further details about them can be obtaining by clicking on their name

Melanie Carroll is the Team Leader and responsible for supervising the Team Members. Louise Dawson, the Managing Partner, is responsible for overall supervision of the Firm.