Re-mortgage of a freehold residential property

What are the fees for the re-mortgaging of a freehold residential property?

Click here for an instant quote and full cost breakdown. Our remortgage conveyancing fees cover all of the work required to complete the re-mortgage of your home, including dealing with registration at the Land Registry.

What services does the fee include?

• Taking your instructions
• Verifying your identity
• Giving you initial advice
• Obtaining Title documentation
• Giving you advice on all documents and information received
• Going through conditions of mortgage offer with you
• Sending Mortgage Deed to you for signature
• Agreeing completion date
• Obtaining a redemption statement from your existing  lender
• Ordering release of Mortgage Funds from your new lender
• Carrying out pre-completion searches
• Completing re-mortgage including discharge of existing mortgage
• Dealing with registration formalities at the land registry

Our re-mortgage solicitor fee assumes that:

• 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
• The transaction is concluded in a timely manner and no unforeseen complication arise
• No additional indemnity policies are required (in addition to the search indemnity insurance referred to above. Additional disbursements may apply if indemnity policies are required.
• The property is registered at the land registry
• The property is not a shared ownership
• There is only one mortgage/charge secured against the property and this is been discharged completion
• You do not have an equity mortgage on the property.
• There are no unusually onerous mortgage conditions
• There are no persons over the age of 17 that will be living in the property and who are not party to the mortgage
• The property is not occupied by a tenant

How long will my re-mortgage take?

This will depend on a number of factors, however the average process takes between 6-8 weeks.

What are disbursements?

Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease.