Residential Re-mortgage Fees

The fixed fee  for a straightforward residential re-mortgage is £575 plus VAT (presently 20%).  The costs include:

  • Acting for the old lender on the mortgage redemption;
  • Acting for the new lender in perfecting its security.

Factors that could make the matter more complex, and therefore increase costs, can include, but are not limited to:

  • Title issues;
  • Issues arising from the local authority search;
  • Environmental search;
  • Residential drainage and water search;
  • Chancel repair search;
  • Additional requirements of lenders.

Disbursements

The disbursements that may need to be paid in addition to the above costs include:

  • Official copy register entries of the title and documents referred to in the title;
  • Search fees  £250 - £500 (dependent on Local Authority);
  • Indemnity insurance policies (cost varies depending on policy);
  • Storage charges (£40 plus VAT at the prevailing rate);
  • CHAPS charges (£25 plus VAT at the prevailing rate for each payment);
  • Land Registry fees;
  • Bankruptcy search fees.
  • Notice fees payable to a Management Company  if the property is leasehold

Timescales

A typical transaction will take between 1-2 months although it can be quicker if the mortgage offer is made promptly and the search results come through without delay.  Please contact us for an individual quote and indication of timescale.

Residential Property Specialists

The team is led by Anna Harrison, Associate FCILEx, who specialises in property law and has acted for a wide range of individuals, landlords and letting agents in the Bristol, Portishead and South West.  She qualified in 2007 and is highly experienced in supporting clients with their property transactions.  Anna works very closely with Amber Bebbington, Conveyancer, and between them they will lead your case.  They will be supported by Fiona Bowen, Paralegal and Emma Butcher, Admin Assistant and Lesley Obourn, Legal Secretary.

Team members

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