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Remortgage Of a Residential Property

At Hewitson & Harker, we have a team of experts that make our service stand out. Our experienced property team provide a competitively priced, personal and dedicated service. We offer fixed fees on all our property matters, and explain the costs involved upfront so there are no hidden surprises.

How much does it cost?

Our fees cover all the work* required to complete the re-mortgage of your home.

Conveyancer's fees and disbursements

  • Legal fees starting at £400 plus VAT at 20% (starting rate on a remortgage up to £100,000)
  • VAT payable £80 (starts at)
  • Search fees £190 (if required)
  • HM Land Registry fee £20 (starts at)
  • Electronic money transfer fee £30 plus vat
  • Pre-completion searches-£5 plus VAT (starts at)
  • Subtotal £732

Additional costs payable

  • Conveyancing transactions can be unpredictable and a sale or purchase that might at first seem straightforward can contain many unexpected twists, requiring extra work and time on the part of a party’s solicitor. At Hewitson and Harker we believe in being as clear as possible about the costs involved in any additional work. Accordingly, the following is a list of the types of matters that are likely to attract additional fees in the context of a transaction and which the parties to it should be aware of as early as possible: Description of matter Costs (ex VAT)*
  • Unregistered Land £125.00
  • Dealing with Leasehold Flat/Management Company £150.00
  • Preparing detailed Transfer of Part of a Title £200.00
  • Solar Panel lease (Checking) £200.00
  • Negotiating and preparing Trust Deed/Declaration of Trust £200.00
  • Negotiating and preparing Deed of Easement £250.00
  • Legal Marketing Services Lender (Purchase) Admin Fee £15.00
  • Preparing a Statutory Declaration/Key Undertaking £150.00-£250.00
  • Dealing with Help to Buy £175.00
  • Dealing with Government ISA £50.00
  • Lifetime ISA’s £100.00
  • Shared Ownership purchase £200.00
  • Duplicate Correspondence/To more than one Client at separate addresses £50.00
  • Administration of Indemnity/Insurance Policies £75.00
  • Discharge of additional Mortgage £100.00
  • Preparing and registering a Restriction/Equitable Charge Title Defect Referral to the Mortgage Lender £50.00
  • Failed Environmental Search/Adverse Search/ Mining Subsidence £150.00
  • Freehold Rentcharge/Amenity Land £150.00
  • Sale of Property subject to tenant in situ £100.00
  • Dealing with a Third Party Monetary Gift £125.00

    • Referral fee (if any)

    • Amount of referral fee paid £50 (starts at)
    Disbursements 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.

    How long will my re-mortgage take?

    How long it will take from your mortgage offer being accepted until completion will depend on a number of factors. The average process takes between 6-10 weeks.

    Stages of the process

    The precise stages involved in the re-mortgage of a residential 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
    • Obtain the Deeds and check the title
    • Receive and advise on the mortgage offer
    • Carry out searches
    • Obtain further planning documentation if required
    • Make any necessary enquiries
    • Give you advice on all documents and information received
    • Go through conditions of mortgage offer with you
    • Send the mortgage deed to you for signature
    • Order a redemption statement
    • Complete
    • Deal with application for registration at Land Registry
    * 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 complication 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.