MORTGAGE OR REMORTGAGE OF A RESIDENTIAL PROPERTY
Pricing Information
Our fees comprise two elements:
- Fees charged by us.
- Fees payable to third parties (disbursements). Please ensure you consider both parts when reviewing our pricing.
Our Fees
| Fee | Amount | ||
|---|---|---|---|
| Legal fee* | £350.00 | ||
| Bank telegraphic transfer fee | £30.00 | ||
| Subtotal | £456.00 |
*Fixed fee for mortgages or remortgages up to £300,000.
Third-Party Fees (Disbursements)
| Fee | Average/Actual Fee |
| Search pack | £150 to £200 depending upon the searches needed. |
| Office Copies | £6.00 |
| Land Registry fee | Based on property value (see below) |
Search fees may vary depending on the property and mortgage lender requirements.
Land Registry Fees:
| Property Value | Whole Title Transfer (Portal/Business Gateway) | Partial Title Transfer (Portal/Business Gateway) |
| Up to £80,000 | £20 | £40 |
| £80,001 – £100,000 | £40 | £80 |
| £100,001 – £200,000 | £100 | £190 |
| £200,001 – £500,000 | £150 | £270 |
| £500,001 – £1,000,000 | £295 | £540 |
| Over £1,000,000 | £1105 | £910 |
Scope of Work and Key Stages
The steps involved in a typical mortgage or remortgage include:
- Taking instructions and providing initial advice.
- Obtaining and reviewing title deeds.
- Conducting searches (if required by the lender).
- Acting on behalf of the mortgage lender.
- Explaining mortgage terms.
- Preparing and executing mortgage documents.
- Reporting to the lender and requesting mortgage funds.
- Completing the transaction, repaying the old mortgage, and registering the new mortgage with the Land Registry.
- Forwarding relevant documents to the mortgage company and finalising financial transactions.
Excluded Services
Our service does not include:
- Property valuation advice.
- Financial or mortgage suitability advice.
- Physical property inspection.
- Advice on environmental concerns such as contaminated land or fracking sites.
- Tax advice (except for Stamp Duty Land Tax [SDLT]).
Estimated Timescales
The process usually takes 4-6 weeks from receipt of the mortgage offer, though this may vary based on lender efficiency, search providers, and local authorities.
Factors That May Increase Costs
Additional fees may apply if:
- The lender issues detailed or unusual instructions.
- The lender appoints a separate conveyancer.
- Additional documentation (e.g. trust documents) is required.
- The property has title defects that must be resolved.
- A Transfer of Equity is necessary.
PURCHASE OF A RESIDENTIAL PROPERTY
Pricing Information
Fees include:
- Legal fees charged by us.
- Disbursements payable to third parties.
Our Fees (For Freehold Properties)
| Property Price Range | Legal Fee | ||
| Up to £100,000 | £465.00 | ||
| £100,001 – £150,000 | £495.00 | ||
| £150,001 – £200,000 | £545.00 | ||
| £200,001 – £250,000 | £579.00 | ||
| £250,001 – £300,000 | £599.00 | ||
| £300,001 – £400,000 | £680.00 | ||
| £400,001 – £500,000 | £775.00 | ||
| Over £500,000 | Please contact us |
Additional Fixed Fees:
| Service | Fee | ||
| Bank Transfer Fee | £30.00 | ||
| Help to Buy | £100.00 | ||
| Leasehold Property | £100.00 | ||
| New Build Property | £100.00 | ||
| ISA Scheme | £50.00 | ||
| Gift of Deposit | £75.00 |
Third-Party Fees (Disbursements)
| Disbursement | Fee |
| Search pack | £132.90 |
| Environmental Search | £45.00 |
| ID Check | £7.20 per person |
| Official Search | £3.00 per title (if required) |
| Bankruptcy Search | £2.00 per person (if required) |
| Stamp Duty Land Tax (SDLT) | Varies (see online calculator) |
Scope of Work and Key Stages
- Reviewing legal documents and searches.
- Acting for mortgage lenders.
- Arranging contracts and payments.
- Registering the transaction with the Land Registry.
Estimated Timescales
The process typically takes 6-10 weeks, depending on external factors such as mortgage lenders and local authority searches.
Potential Additional Costs
Additional fees may apply for:
- Unusual lender requirements.
- Title defects requiring resolution.
- Leasehold complexities.
Increase of fees can apply in any of the following:
- The property is leasehold and further work is required · The lender issues detailed or unusual instruction
- The lender appoints a separate conveyancer.
- Additional documentation (e.g. trust documents) is required.
- The property has title defects that must be resolved.
- A Transfer of Equity is necessary.
For more details, please contact us to discuss your specific circumstances.