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Freehold Residential Remortgage

Conveyancing fees and disbursements for a freehold residential remortgage with a new loan value not exceeding £150,000*

  • Legal fees £475
  • Land Registry Official copies of title £6
  • Electronic money transfer admin. fee £30
  • VAT payable £101
  • Land Registry fees £30
  • Search indemnity insurance £25
  • Official search and bankrupty search £6

• Estimated total  £673

Stages of the process 

The precise stages involved in the remortgage of a residential freehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include: 

  • Take your instructions and give you initial advice
  • Liaise with your mortgage broker and lender  
  • Receive and review mortgage offer
  • Apply for title entries and check title
  • Check lender’s requirements on searches and further enquiries 
  • Give you advice on all documents and information received
  • Obtain a mortgage settlement statement from your existing mortgage lender
  • Explain mortgage deed to you and obtain signature
  • Deal with lender’s requirement regarding any adult occupier at the property  
  • Agree completion date 
  • Provide certificate of title to new mortgage lender
  • Arrange for all monies to be received from lender and pay funds to clear existing mortgage
  • Complete the remortgage 
  • Account to you with the  net proceeds and deal with registration at Land Registry 

* Our fee estimates as set out assumes that: 

a.this is a standard transaction of an existing freehold or leasehold property registered at Land Registry which is to be used as  a main residence (not an investment purchase) 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

b.the transaction is concluded in a timely manner and no unforeseen complication arise and the matter is not urgent or does not become urgent during the process

c.all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

The follow types of property or transaction would require a bespoke estimate to be provided, so will not fall within the range of costs provided above. This list is not exhaustive:

  • new build 
  • first registration of title
  • buy to let or second/holiday home 
  • multiple owners or trust property 
  • shared ownership s
  • using a help to buy scheme, and whether it is an equity loan or ISA
  • purchase under right to buy 
  • purchase at auction 
  • property has multiple titles or additional land 
  • property has been repossessed
  • mortgage lender  is not CML regulated or has non-standard requirements 
  • Transfers of equity