Our fees cover all the work required to complete the re-mortgage of your home, including dealing with registration at the Land Registry

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Fees:

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Remortgage of a freehold property valued up to £1,000,000. Please note our hourly rate is charged at £240 plus VAT in this example:

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Pricing Option 1 – Typically we would spend 4 to 5 hours for the general conveyancing work. This equates to an estimate of between £960 plus VAT and £1,200 plus VAT.

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Pricing Option 2 – Typically the fixed price would be £1,920 plus VAT.

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Remortgage of a freehold property valued over £1,000,000. Please note our hourly rate is charged at £370 plus VAT in this example:

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Pricing Option 1 – Typically we would spend 4 to 5 hours for the general conveyancing work. This equates to an estimate of between £1480 plus VAT and £1,850 plus VAT.

 

Pricing Option 2 – Typically the fixed price would be £2,960 plus VAT.

 

Remortgage of leasehold property valued up to £1,000,000. Please note our hourly rate is charged at £240 plus VAT in this example:

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Pricing Option 1 – Typically we would spend 5 to 6 hours for the general conveyancing work. This equates to an estimate of between £1,200 plus VAT and £1,440 plus VAT.

 

Pricing Option 2 – Typically the fixed price would £2,160 plus VAT.

 

Remortgage of leasehold property valued over £1,000,000. Please note our hourly rate is charged at £370 plus VAT in this example:

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Pricing Option 1 – Typically we would spend 5 to 6 hours for the general conveyancing work. This equates to an estimate of between £1,850 plus VAT and £2,220 plus VAT.

 

Pricing Option 2 – Typically the fixed price would £3,330 plus VAT.

An additional cost added to the fees will be the electronic money transfer fee: £42.00 including VAT

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Disbursements

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Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process.

 

Search fees: £350.00 (Approximate)

 

HM Land Registry fee: £20.00 – £60.00 for property up to a value of £1,000,000.00 and £125.00 for a property over £1,000.000.00.

 

Note: The exact amount depends on the exact value of the property.

Stamp Duty or Land Tax (on purchase):

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales by using https://beta.gov.wales/land-transaction-tax-calculator

 

How long will my remortgage take?

 

The average time a remortgage takes is eight weeks. Although it is very possible to complete a remortgage in as little as 4 weeks. The more organised you are with your paperwork the quicker the remortgage will be.

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