Deciding to remortgage your home can be as life changing as buying your first property. It is important that you speak to an independent mortgage adviser who can look at all the options open to you.
We are proud to hold the CQS accreditation issued by the Law Society which is only awarded to solicitors who can show that they maintain the highest standards of conveyancing and client care at all times.
We are currently unable to act on the purchase of leasehold flats, where the building exceeds 5 storeys or 11 metres in height. This is as a direct result of new legislation (The Building Safety Act 2022 and Fire Safety (England) Regulations 2022) that was introduced after the Grenfell tragedy in 2017 which has caused complexities in regulations and mortgage lender requirements.
Further guidance is awaited from both the government and mortgage lenders as to how we can proceed with such transactions. Until then, we are unable to act on the purchase of properties that fall into this category.
The new legislation may have iplications if you are looking to buy a leaseholdflat or if you own a leasehold flat that you are looking to sell, remortgage or transfer equity..
For more information please contact us to discuss further.
Pricing
We will usually work on a fixed fee basis so that you know how much your remortgage is going to cost from the outset. However, if there are any new developments which could lead to additional cost we will discuss these with you and agree a way forward at the earliest opportunity.
Remortgages:
|
OUR FEE (PLUS VAT) |
|
|
Freehold properties |
£550 |
|
Leasehold properties |
£650 |
Disbursements
These are any costs related to your matter which are payable to third parties, such as search fees. We will handle the payment of disbursements on your behalf. The disbursements we anticipate are set out below. However, this list is not exhaustive and other disbursements may become due throughout the course of your remortgage. We will update you should this be the case.
|
Property Search fees |
£400 approx – if applicable |
|
Land Registry Search |
£3 |
|
Bankruptcy search fee |
£2 per person |
|
Official copy entries |
£9 (freehold)/£12 (leasehold) |
H M LAND REGISTRY FEES (payable on all matters where registration at H M Land Registry is required
|
Scale 1 Fees N.B. - When registering transfers of whole, this scale only applies when there is a consideration being paid |
Property Value/Consideration |
Postal Applications |
Portal Applications (transfers (for value) or surrenders of whole) |
|
£0.00 - £80,000.00 |
£40.00 |
£20.00 |
|
|
£80,001.00 - £100,000.00 |
£80.00 |
£40.00 |
|
|
£100,001.00 - £200,000.00 |
£190.00 |
£95.00 |
|
|
£200,001.00 - £500,000.00 |
£270.00 |
£135.00 |
|
|
£500,001.00 - £1,000,000.00 |
£540.00 |
£270.00 |
|
|
£1,000,001.00 upwards |
£910.00 |
£455.00 |
|
Scale 2 Fees N.B. - When registering transfers of whole, this scale only applies when there is no consideration being paid (fees are based on estimated property value) |
Property Value/Consideration |
Postal Applications |
Portal Applications (transfers and charges of whole, transfers of charges and other applications of whole) |
Portal Applications (transfers of part and all other Scale 2 applications not affecting the whole of a registered title) |
|
£0.00 - £100,000.00 |
£40.00 |
£20.00 |
£40.00 |
|
|
£100,001.00 - £200,000.00 |
£60.00 |
£30.00 |
£60.00 |
|
|
£200,001.00 - £500,000.00 |
£80.00 |
£40.00 |
£80.00 |
|
|
£500,001.00 - £1,000,000.00 |
£120.00 |
£60.00 |
£120.00 |
|
|
£1,000,001.00 upwards |
£250.00 |
£125.00 |
£250.00 |
Exclusions
We do not provide mortgage or tax advice, which you should obtain from an independent mortgage broker, financial adviser, accountant or tax specialist if required.
Timescales
A typical remortgage will take between 5 and 8 weeks. However, it can take longer if there are any complications such as an application being rejected. The process may also take longer if you change lenders from your current mortgage company.
Key Milestones
We will:
Our Team
We have an experienced team who understand the stress involved in buying, selling or re-mortgaging your property.
Robert Taylor is a Solicitor, Partner of EMD and head of conveyancing. He has over 40 years of experience in conveyancing, both residential and commercial and is competent in all areas of conveyancing. Contact Robert on 01424 420261.
Nicola Bradley is a Conveyancing Executive with 30 years of conveyancing experience, dealing with freehold and leasehold sales and purchases and more. Contact Nicola on 01580 890600 or 01424 420261.
Mustafah Shekib has over 8 years of residential conveyancing experience, dealing with freehold and leasehold sales and purchases, re-mortgages, transfers of equity and more. Contact Mustafah on 01580 890600 or 01424 420261
All members of staff in the Conveyancing department are supervised by Robert Taylor. Robert is a Partner of the firm and Head of the Conveyancing Department.
Additional Fees:
All clients will be required to pay an onboarding fee of £15.00 plus VAT where we are acting for a sole client and £25.00 plus VAT where acting for joint clients.
If your transaction requires us to send money to you by Telegraphic Transfer, you will be charged £36.00 plus VAT to do so.
It would not normally be necessary to undertake other work or incur other costs other than those described above. However, we would be very happy to provide you with a more tailored quote for all stages of your particular case once we know about your specific circumstances.
Free Initial Consultation
Out of Hours Appointments
Home Visits by Prior Arrangement
Funding Options Available
