REMORTGAGE COSTS OF A FREEHOLD RESIDENTIAL PROPERTY EXPLAINED

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

Conveyancer’s fees and disbursements

Below is a range of the fees and disbursements that we may typically charge for a remortgage:

  • Legal fees: £450 to £1,000* plus VAT (depending upon the value of the property, the complexity of the case and the office used)
  • Electronic money transfer fee: £30 plus VAT
  • VAT payable: between £96 and £206
  • Estimated total: between a subtotal of £576 and £1,236

Disbursements

These are costs related to your matter 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.

You will have to pay:

  • Freehold Office Copy Entries: £6.00

Below is a specific example of a remortgage quotation for a freehold property with a mortgage of £200,000, and dealing with our Coventry office:

FREEHOLD remortgage at: £200,000.00
Telegraphic Transfer Fee plus vat £30.00
Land Registry Title Deeds £6.00
Legal Fees plus vat £450.00
Total Cost £486.00
Plus VAT £96.00
Total including VAT £582.00

 

*Our fees above assume that:

  1. it 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)
  • the legal fees for properties worth in excess of £1m are to be determined on a case by case basis and you will need to call our offices for a quotation
  • we will always supply you with a quotation and agree a fee with you before commencing work
  • if additional fees are to be charged details will be provided if and when they arise and we will agree any additional legal fees with you first

Please call our offices for a Conveyancing quote on 0800 158 5592