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Services

Remortgaging Pricing

We work on a fixed fee basis. The tables below set out our base fees (including the bank transfer fee) plus the additional fees that may be chargeable depending on your transaction and individual requirements. Alternatively we would be happy to provide a bespoke, no-obligation quote.

Properties in London

Property Price

Freehold Fees

Total

Leasehold Fees

Total

£0 – £499,999

£982 + £196 VAT

£1178

£1191 + £238 VAT

£1429

£500,000 – £999,999

£1454 + £290 VAT

£1744

£1664 + £333 VAT

£1997

£1,000,000 +

£1874 + £375 VAT

£2249

£2189 + £438 VAT

£2627

Properties outside of London

Property Price

Freehold Fees

Total

Leasehold Fees

Total

£0 – £499,999

£735 + £147 VAT

£882

£885 + £177 VAT

£1062

£500,000 – £999,999

£1035 + £207 VAT

£1242

£1235 + £247 VAT

£1482

£1,000,000 – £1,449,999

£1335+ £267 VAT

£1602

£1535 + £307 VAT

£1842

Additional Fees that may be payable:

Item

Amount

VAT

Each additional bank transfer fee

£35.00

£7.00

Unregistered Property

£150.00

£30.00

Help to buy redemption

£150.00

£30.00

Director/Head of Department surcharge

£250.00

£50.00

Disbursements

In addition to our fees, “disbursements” will be payable. Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of all disbursements on your behalf.

Anticipated Disbursements payable in every transaction:

Price

Land Registry Registration fee *

Each anti-money Laundering search

Searches (average) **

£0 – £100,000

£20

£4.17 + £0.83 VAT

£230 + £56 VAT

£100,001 – £200,000

£30

£4.17 + £0.83 VAT

£230 + £56 VAT

£200,001 – £500,000

£40

£4.17 + £0.83 VAT

£230 + £56 VAT

£500,001 – £1,000,000

£60

£4.17 + £0.83 VAT

£230 + £56 VAT

£1,000,001 +

£125

£4.17 + £0.83 VAT

£230 + £56 VAT

Notes:

* These fees assume the property is already registered at the Land Registry. The fees will double for first registrations

** This fee is based on average search fees in Bristol including a mining search. Search fees vary from location to location and could be more or less. It is possible your lender will accept search indemnity insurance which will be cheaper than obtaining searches.

Anticipated Disbursements payable in Leasehold transactions

Price

Notice of Charge fee

Certificate of Complaince fee

Management Co / Landlord pack

£0 – £1,000,000

£0 – £200

£0 – £200

£0 – £350

NB leasehold disbursements vary from property to property and can on occasion be significantly more than the ranges given above. We will give you an accurate figure once we have received confirmation of the fees from the Landlord and/or Management Company.

Time Scales

The timescale depend on factors such as (but not limited to):

  • How quickly your mortgage is in place
  • Whether the searches flag up any issues
  • Whether the mortgage valuation reveals any issues

A typical remortgage takes between 4 and 6 weeks, however if any of the above factors apply, it could take longer. We will keep you updated as to our progress throughout the transaction.

If completion is required more quickly than the usual timeframe we will make an additional charge for expediting the matter. This will be based upon the speed required.

Key Milestones

The milestones will vary according to individual circumstances but are likely to include:

  • Confirming your initial instructions and verifying your identity
  • Checking your title to the property
  • Requesting redemption statement for all existing mortgages (if applicable)
  • Carrying out searches or, if appropriate, arranging search insurance
  • Checking the mortgageconditions to ensure the mortgage advance can be drawn down on completion
  • Completing the remortgage and redeeming the existing mortgages
  • Accounting to you for any balance
  • Registering the new mortgage at the Land Registry

Exclusions

We do not undertake tax advice.

Our fees assume that:

  • The owners of the property will not change. Additional fees will be payable if this is not the case.
  • No complications or unforeseen matters arise during the transaction. This includes, but is not limited to, (i) a defect in title which require remedying prior to completion and (ii) the preparation of additional documents ancillary to the main transaction such as a deed of variation
  • All parties to the transaction are co-operative and do not cause unreasonable delay
  • No indemnity policies are required. Additional disbursements may apply if indemnity policies are required
  • The property is occupied by you and your family. Additional fees will be payable if the Property is tenanted
  • The mortgage lender (i) is FCA regulated (ii) will appoint us to act on their behalf and (iii) issues standard mortgage documents. Additional fees will be payable if any of these assumptions are incorrect
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