Our fees cover all of the standard work required to complete the re-mortgage of the property, including dealing with registration at the Land Registry.
|Freehold re-mortgage amount||Our fee||VAT||Total of our fee + VAT|
|Less than £300,000||£605 – £755||£121 – £151||£726 – £906|
|£300,001 to £500,000||£705 – £855||£141 – £171||£846 – £1026|
|£500,001 to £800,000||£805 – £1005||£161 – £201||£966 – £1206|
|£800,001 and over||£955+||£191+||£1146+|
These are payments which are additional costs that are payable to third parties.
The disbursements you may have to pay are:
We handle the payment of the disbursements on your behalf to ensure a smoother process.
The precise stages involved in the re-mortgage of a freehold residential property vary according to the circumstances. However, below are the key stages generally included in the fees quoted for standard work:
Standard work does not include any additional charges or second mortgages, charging orders, Islamic mortgages or equity loans; commercial mortgages; re-mortgage by a company; buy to let properties; additional work required for unregistered property; any unforeseen matters or complexity such as, but not limited to, flying freeholds, deeds of covenant or compliance with rent charges, listed buildings, more than one piece of land or title, compliance with restrictions on the register, resolving or suggesting ways to resolve any title defect, arranging indemnity insurance policies for any defects found, additional agreements or documents such as transfer deeds, statutory declarations or declarations of trust between joint owners, and any other unusual features.
Standard work assumes all parties are co-operative and there is no unreasonable delay by third parties providing documentation.
How long it will take from your mortgage offer being received to completion will depend on a number of factors. The average process takes between 6 and 12 weeks. However, it can be quicker or slower, depending on any conditions that are contained in the mortgage offer and whether or not full searches are required, or any documents or certificates for work carried out to the property are missing, or there is a linked transaction.