Our Costs

Overview

A remortgage is where you take out a new mortgage on a property you already own – either to replace your existing mortgage, or to borrow money against your property.

We ordinarily work on a fixed fee basis, so that our clients are aware of what the fees will be for a transaction from the very beginning. Our clients are provided with a cost estimate in writing – this way we can ensure that all fee estimates are adhered too and that there are not any hidden fees. If, however, new developments take place during the course of the transaction and it involves additional work, we will discuss any modification in fees with you first.

In most transactions, our legal fees for handling the conveyancing on a remortgage ranges from £750.00 – £2950.00 plus VAT.

Our legal fees cover all the work that is essential to complete a remortgage transaction. Please note that this will include the discharge of any existing first charge and the HM Land Registry application. Please note, the fee range quoted above assumes that it’s a standard transaction and no unforeseen matters arise including, for example (but not limited to), a defect in title which requires remedying before completion, or the preparation of additional documents supplementary 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 needed (there may be additional fees and disbursements if indemnity policies are required) and we are also instructed to act for your lender to complete the registration of the mortgage on your property.

The following is a list of things that we consider to be supplementary and not included in standard quote:

• Arranging Indemnity Insurance (per policy) – £50.00 plus VAT
• Telegraphic Transfer Administration Fee – £30.00 plus VAT
• Redemption of Help to Buy (2nd Mortgage) – £150.00 plus VAT
• Redemption of 3rd and subsequent mortgage – £150.00 plus VAT

Factors that may affect our Fees

During a transaction, there can be instances that may lead to an increase in our fees. Examples of this are the requirement for planning/building regulations indemnity, unregistered property and defective title. The examples stated are not definitive. If we believe that a factor is likely to affect your fees, we will of course notify you first before adding an additional fee to your transaction.

Overview

We ordinarily work on a fixed fee basis, so that our clients are aware of what the fees will be for a transaction from the very beginning. Our clients are provided with a cost estimate in writing – this way we can ensure that all fee estimates are adhered too and that there are not any hidden fees. If, however, new developments take place during the course of the transaction and it involves additional work, we will discuss any modification in fees with you first.

In most transactions, our legal fees for handling the conveyancing, ranges from £900.00 – £2950.00 plus VAT. The legal fee is determined by the property price. Our legal fees cover all the work required to complete the sale of your property. Please note, the fee range quoted above assumes that it’s a standard transaction and no unforeseen matters arise including, for example (but not limited to), a defect in title which requires remedying before completion, or the preparation of additional documents supplementary 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 needed (there may be additional fees and disbursements if indemnity policies are required) and we are also instructed to act for your lender to complete the registration of the mortgage on your property.

The following is a list of things that we consider to be supplementary and not included in standard quote:

• Arranging Indemnity Insurance (per policy) – £50.00 plus VAT
• Telegraphic Transfer Administration Fee – £30.00 plus VAT
• Anti-Money Laundering ID Administration Fee – £30.00 – £50.00 including VAT
• Redemption of Help to Buy (2nd Mortgage) – £150.00 plus VAT
• Redemption of 3rd and subsequent mortgage – £150.00 plus VAT
• Fees for office copies of Title Documents (per Title) – £4.20 inc. VAT

Factors that may affect our

Fees During a transaction, there can be instances that may lead to an increase in our fees. Examples of this are the requirement for planning/building regulations indemnity, unregistered property and defective title. The examples stated are not definitive. If we believe that a factor is likely to affect your fees, we will of course notify you first before adding an additional fee to your transaction. Disbursements are payable to third parties and are costs related to your matter, an example of this is Land Registry fees. We will tell you about any additional disbursements if they arise and agree these with you in advance.

Overview

On residential matters, we ordinarily work on a fixed fee basis, so that our clients are aware of what the fees will be for a transaction from the very beginning. Our legal fees cover all the work required to complete the purchase of your new home, including preparing and submitting the registration application at HM Land Registry and dealing with the payment of Stamp Duty Land Tax to HMRC.

Our clients are provided with a cost estimate in writing – this way we can ensure that all fee estimates are adhered too and that there are not any hidden fees. If, however, new developments take place during the transaction and it involves additional work, we will discuss any modification in fees with you first.

In most transactions, our legal fees for handling the conveyancing on the purchase of a freehold residential property, by individuals, ranges from £950.00 – £2950.00 plus VAT. The legal fee is determined by the property value.

Please note, the fee range quoted above assumes that it’s a standard transaction and no unforeseen matters arise including, for example (but not limited to), a defect in title which requires remedying before completion, or the preparation of additional documents supplementary 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 needed (there may be additional fees and disbursements if indemnity policies are required) and we are also instructed to act for your lender to complete the registration of the mortgage on your property.

The following is a list of things that we consider to be supplementary and not included in standard quote:

• Gifted Deposit – £75.00 plus VAT
• First Time Buyer ISA – £60.00 plus VAT
• Arranging Indemnity Insurance (per policy) – £50.00 plus VAT
• Bankers CHAPS fees (per payment) – £36.00 inc. VAT
• Help to Buy Scheme – £500.00 plus VAT

Factors that may affect our Fees

During a transaction, there can be instances that may lead to an increase in our fees. Examples of this are the requirement for planning/building regulations indemnity, unregistered property, and defective title. If we believe that a factor is likely to affect your fees, we will of course notify you first before adding an additional fee to your transaction.

On residential matters, we ordinarily work on a fixed fee basis, so that our clients are aware of what the fees will be for a transaction from the very beginning. Our clients are provided with a cost estimate in writing – this way we can ensure that all fee estimates are adhered too and that there are not any hidden fees. If, however, new developments take place during the course of the transaction and it involves additional work, we will discuss any modification in fees with you first. Leasehold Residential Property Fees In most transactions, our legal fees for handling the conveyancing on the purchase of a leasehold residential property, by individuals, ranges £950.00 to £2,950.00. The legal fee is determined by the property price. Our legal fees cover all the work required to complete the purchase of your new home, including preparing and submitting the registration application at HM Land Registry and dealing with the payment of Stamp Duty Land Tax to HMRC.

Please note, the fee range quoted above assumes that it’s a standard transaction and no unforeseen matters arise including, for example (but not limited to), a defect in title which requires remedying before completion, or the preparation of additional documents supplementary to the main transaction, that this is the assignment of an existing lease, and not the grant of a new lease, 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 needed (there may be additional fees and disbursements if indemnity policies are required) and we are also instructed to act for your lender to complete the registration of the mortgage on your property.

The following is a list of things that we consider to be supplementary and not included in standard quote:

• Gifted Deposit – £75.00 plus VAT
• First Time Buyer ISA – £150.00 plus VAT
• Arranging Indemnity Insurance (per policy) – £50.00 plus VAT
• Bankers CHAPS fees (per payment) – £36.00 inc. VAT
• Help to Buy Scheme – £500.00 plus VAT

Factors that may affect our Fees During a transaction

There can be instances that may lead to an increase in our fees. Examples of this are the requirement for planning/building regulations indemnity, unregistered property and defective title. The examples stated are not definitive. If we believe that a factor is likely to affect your fees, we will of course notify you first before adding an additional fee to your transaction.