Remortgage Fees

Property Price Costs ** VAT @ 20% Total
Remortgage of Property £600.00 £120.00 £720.00

Disbursements

Disbursement Cost
Identification Verification fee (including VAT) (per person) £12.00
Land Registry Search fee £6.00
Land Registry Pre-Completion Search fee £5.00
Electronic Money Transfer fee (including VAT) £36.00
Land Registry fee (mortgage value up to £200,000) £20.00

Disbursements are costs related to your matter that are payable to third parties, such as broker’s commission. We handle the payment of disbursements on your behalf to ensure a smoother process.  Also, your new lender may require searches to be undertaken or for search insurance to be obtained.

These disbursements vary from lender to lender and broker to broker. We will notify you of these once we are informed.

You will need to add the searches expense or search insurance premium and broker commission figure to the estimated total price which will provide an estimated total figure that you will need to complete the re-mortgage.

Stages of the Process

The precise stages involved in the remortgage of a residential property vary according to the circumstances. However, below are some key stages:

  • Take your instructions and give you initial advice
  • Obtain redemption figures from your current lender
  • Carry out any searches the new lender requires
  • Send the mortgage deed to you for signature
  • Agree a completion date
  • Arrange for up to date redemption statements to be received from lender
  • Request funds from new lender
  • Complete remortgage
  • Deal with payment of broker commission
  • Deal with Land Registry application

*Our 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 complications arise
  • All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  • No indemnity policies are required. Additional disbursements may apply if indemnity policies are required
  • Registration of the mortgage with HM Land Registry will be completed electronically through the secure Land Registry Portal