Our fees cover all of the work required to complete the remortgage of your property, including dealing with the repayment of any existing Mortgages and the registration of your new Mortgage. The example shown below shows the average cost for a standard freehold remortgage. This has been set out to show the legal fees, VAT payable on the legal fees and disbursements. Disbursements are payments which we have to pay to third parties as part of the remortgage process, e.g. Search Fees, Land Registry Fees. A full case-specific estimate can be obtained by contacting us on: conveyancing.quotes@grindeys.com or telephone: 01782 840575.

 AVERAGE Conveyancing Fees

Fee Type Cost VAT Total
Professional Legal Fees £390.50 £78.10 £468.60
Funds Transfer Fee £30.00 £6.00 £36.00
Electronic ID Fee (per name) £5.00 £1.00 £6.00
Average Cost of Disbursements £42.84 £42.84
Total Estimated Fees £468.34 £85.10 £553.44

Disbursements

Fee Type Cost
Copy Title Information Document £3.00
Search Insurance £21.13
Pre Completion Land Registry Search £3.00
Bankruptcy Search (per name) £2.00
Land Registry Fee £30.00

Stages of the process

The scope of a typical Remortgage will include but not necessarily be limited to the following key stages:-

  • Taking your instructions and providing you with initial advice
  • Preparing and sending to you our client care pack
  • Requesting a settlement statement from existing Lender
  • Requesting a copy of your Title Documents from HM Land Registry
  • Receiving the Mortgage Offer from your new Lender and complying with any special conditions
  • Checking the Title of the property and verifying this with information provided by the new Lender
  • Obtaining your signature to the Mortgage Deed
  • Review all documentation before arranging completion
  • Preparing and sending to you a financial completion statement
  • Request Mortgage funds from new Lender to complete and carry out pre-completion searches
  • Repay existing Mortgage on completion
  • Register new Mortgage at HM Land Registry
  • Provide you and the new Lender with a copy of the Title Information Document following completion of registration formalities

Fee Assumptions

Our fees are based on the following assumptions; if these prove to be incorrect our fees may increase as a result:-

  • 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)

Common Questions & Answers

How long will my remortgage take?

How long it will take from when your new Mortgage has been agreed in principle and when you can complete will depend on a number of factors but generally the average transaction can take between 4 and 6 weeks. It can be quicker or slower but some of the most common reasons which contribute towards a delay can include:-

  • Delay in the survey/valuation being carried out
  • New Lender requires a Local Search to be carried out
  • Unusual special conditions on Mortgage Offer to be satisfied
  • Delay by existing Lender in providing settlement statement
  • Mortgage Offer expires
  • Unexpected early redemption penalties
  • Client delays in providing ID documents and signed Mortgage Deed
Who will deal with my matter?

At the outset of your matter you will be provided with a client care letter in which you will be advised of the name of the person who will be acting on your behalf. Click here to meet the team and find out more information about our team members.