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Remortgage of a Residential Property

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Remortgage of a freehold/leasehold residential property

Our fees cover all of the work required to complete the remortgage of your property.

Conveyancer's fees and disbursements

  • Legal fee £795 plus VAT for freehold
  • Legal fee £895 plus VAT for leasehold
  • Legal fee for lifetime mortgage £995 plus VAT
  • Electronic money transfer fee £40 plus VAT
  • VAT payable 20%

Disbursements are costs related to your transaction 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. Disbursements are not included in our fee ranges, however, these typically include:

  • HM Land Registry fees from £45
  • No Search Indemnity Policy £14 to £270
  • VAT only payable where shown

Our fee assumes that

  1. 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
  2. The transaction is concluded in a timely manner and no unforeseen complications arise
  3. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  4. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

How long will my remortgage take?

This will depend on a number of factors. The average process takes between 2 to 4 weeks.

It can be quicker or slower, depending on the receipt of the mortgage offer from the new lender.

Stages of the Process

  • Take your instructions and give you initial advice
  • Check finances are in place and contact lender's solicitors if needed
  • Request redemption statement from current lender
  • Go through conditions of mortgage offer with you
  • Send Mortgage Deed to you for signature and agree completion date with your
  • Request mortgage funds
  • Obtain pre-completion searches
  • Arrange for all monies needed to be received from lender and yourself (if applicable)
  • Complete remortgage
  • Deal with application for registration at Land Registry
  • Forward you completion of registration so that you are aware that everything has been finalised

Hadfield Bull and Bull Solicitors is a trading name of Hadfield & Co and Bull and Bull ("the Firms"). The Firms are each Authorised and Regulated by the Solicitors Regulation Authority www.sra.org.uk (SRA Numbers. 79862; 497412 and 68466 respectively). A list of the partners of the Firms is available on request. Reference to "we" in this document is reference to the Firms.