Remortgage Pricing
We work on a fixed fee basis, so you will know exactly how much your remortgage is going to cost from the outset.
If during the transaction there are any new developments which could lead to an additional cost, we will discuss the change in fees with you at the earliest opportunity and agree a way forward.
Our fees and costs
Our fees
Item | Amount | VAT | Subtotal |
|---|---|---|---|
Our Fees | £600.00 | £120.00 | £720.00 |
Other charges, only where they apply | |||
Transfer of equity and remortgage together (legal fee in place of the above) | £675.00 | £135.00 | £810.00 |
Mortgage Admin fee (new mortgage) | £75.00 | £15.00 | £90.00 |
Mortgage Admin fee (redemption) | £25.00 | £5.00 | £30.00 |
Occupiers Consent to Mortgage | £50.00 | £10.00 | £60.00 |
Deed of Postponement | £100.00 | £20.00 | £120.00 |
Leasehold Supplement | £150.00 | £30.00 | £180.00 |
Please note: the quotation provided is currently an estimate only at this stage. Should it transpire that the Leasehold property is affected by the provisions of the Building Safety Act 2022 then we reserve the right to increase our fees to account for the additional work involved to meet requirements.
Disbursements
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.
Disbursements | Amount | VAT | Subtotal |
|---|---|---|---|
Same day money transfer fee | £35.00 | £7.00 | £42.00 |
Search pack, or search indemnity insurance, if your lender requires it | £182.00 | In total | £182.00 |
HM Land Registry office copy and plan (£7.00 per document plus £1.80 search fee) | £17.60 | In total | £17.60 |
Electronic ID check (per person) | £16.80 | In total | £16.80 |
HM Land Registry bankruptcy search (per person, including £1.80 search fee) | £7.80 | In total | £7.80 |
HM Land Registry priority search (OS1, including £1.80 search fee) | £8.80 | In total | £8.80 |
HM Land Registry registration fee (Scale 2, based on the amount of the new mortgage) | £20 to £140 (online) | No VAT | £20 to £140 |
Example: a £150,000 remortgage to a new lender
Freehold, two borrowers, lender requires searches, registered online. Your own figures depend on your lender and property.
| Our legal fee (£600 + VAT) | £720.00 |
| Same day money transfer fee | £42.00 |
| Search pack | £182.00 |
| Office copy and plan | £17.60 |
| Electronic ID checks (2 people) | £33.60 |
| Bankruptcy searches (2 people) | £15.60 |
| Priority search (OS1) | £8.80 |
| HM Land Registry fee (online, £100,001 to £200,000) | £30.00 |
| Total, including VAT | £1,049.60 |
How long a remortgage takes
A typical remortgage takes between 8 and 10 weeks, however it can be longer if there are any complications such as an application being rejected. The process may also take longer if you switch lenders compared with getting a new deal with your current mortgage company.
- 1Instruct usID checks, title deeds and redemption statement requested
- 2Title and searchesOfficial copies obtained, title checked, searches ordered
- 3Offer and signingMortgage offer checked, you sign the mortgage deed
- 4CompletionFunds requested, old mortgage paid off
Key stages and how long each takes
- 1Week 1You instruct us. We carry out ID checks and request your title deeds and a redemption statement from your current lender.
- 2Weeks 1 to 3We obtain the official copies of your title, check the title and order any searches.
- 3Weeks 3 to 6Searches come back and we check the mortgage offer. We report to you and you sign the mortgage deed.
- 4Weeks 6 to 10We agree a completion date, get the final redemption statement and request the mortgage funds. On completion we pay off your old mortgage.
- 5After completionWe register the new mortgage at HM Land Registry.
What we do for you
- Taking your instructions and giving initial advice based on the information you have provided
- Requesting the Title Deeds and Redemption Statement
- Obtaining Official Copies of the Title
- Checking the Title
- Checking Official Copies
- Leasehold properties will require the lease to be checked and enquiries made if relevant
- Searches
- Checking the mortgage offer
- Preparing for completion
- Requesting final redemption statement
- Requesting the mortgage advance
- Completion
- Registration
Not included
- We do not undertake mortgage or tax advice and we would recommend you seek advice from an independent mortgage broker or financial adviser.
- We do not carry out valuations on your home, this will be conducted by your new lender.
Based in North Lincolnshire? See our conveyancing solicitors in Scunthorpe.
Who will deal with your matter
Qualified as a solicitor in 2006, joined SBB in 2014 and became a Partner in 2019. Specialises in residential property and supervises all of our residential conveyancing work.
Kelly BarracloughConveyancing ExecutiveOver 20 years with the firm. Handles sales, purchases, remortgages and transfers of equity in our Residential Conveyancing Department. Supervised by Jenny Musgrave, solicitor.
Annette CulverConveyancing ExecutiveHas worked in residential conveyancing since 2001 and has specialised only in residential conveyancing since 2006. Joined SBB in 2020. Supervised by Jenny Musgrave, solicitor.
Hollie LeesConveyancerConveyancer in our residential conveyancing team, based at our Goole office. Supervised by Jenny Musgrave, solicitor.
Lucy FoxConveyancing ExecutiveWith SBB since 2005, she worked her way up from Conveyancing Assistant and runs her own caseload of residential sales and purchases. Supervised by Jenny Musgrave, solicitor.They are supported by Tracy Lumb, Ellie Donnelly, Alisha Martin and Sarah Leddy. Meet the conveyancing team.
Our friendly team is ready to help. No obligation, just a straightforward conversation about your situation.
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