Residential Property – Mortgaging or Remortgaging a Property

We are required by the Solicitors Regulatory Authority to publish the pricing information below. This information is applicable only to the stated circumstances and it is an indicative guide. Please contact us or use our on-line quoting tool on our website for more accurate information based on your circumstances.

Freehold	Leasehold
Property value: up to £1m Fee estimate: £795 to £1195 + VAT*	Property value: up to £1m Fee estimate: up to £1,090 to £1,490 + VAT*
Property Value : £1m + Fee Estimate: 0.15% of property value + VAT* For example, property value of £1.5million @0.15% = £2,250 + VAT*	Property Value: £1m + Fee Estimate: 0.15% of property value + VAT* PLUS Leasehold Fee** of £295 + VAT* For example, property value of £1.5million @0.15% = (£2,250 + £295) + VAT*

*VAT is chargeable at 20%

** A Leasehold Fee is charged for the additional work involved in dealing with other parties involved such as the landlord or management company.

For a more accurate indication of the cost relevant to your circumstances, (and without any obligation), please use our on-line quoting tool:

Disbursements and other charges

These are costs related to your matter that are payable to third parties such as the Land Registry. We handle the payment of the disbursements on your behalf to ensure a smoother process.

The disbursements that may be payable on a mortgage or remortgage, include:

Disbursement	Cost
Land Registry Search Fee	£3.00 plus VAT*
Land Registry Fee	Dependent upon the amount being borrowed.
Searches	£300 plus VAT*
Electronic Transfer Fee	£35.00 plus VAT* (if your lender requires funds to be sent via Electronic Transfer, these fees may increase)
Bankruptcy searches	£2.00 (per individual) plus VAT*
Land Registry official copy fees	£15 plus VAT*

*VAT is chargeable at 20%

Leasehold Property

In addition to the above, for mortgaging or remortgaging a leasehold property Notice fees will be payable in accordance with the terms of your lease.

Timescale

The average transaction takes between 6 – 8 weeks. It can be quicker or slower, depending on the speed of response received from the lender and the time taken to obtain paperwork essential to the transaction such as property deeds, or for the lender to confirm the mortgage offer.