For transparency and the avoidance of any doubt, our fees are below. Should you choose to instruct us, a tailored estimate of price will be provided based on your circumstances and the transaction and set out in our Engagement Letter.
The day to day work is carried out by Janice Colley, a Consultant Conveyancer and Solicitor and supervised by Richard Cramer, Managing Director and Solicitor.
| Leasehold Re-mortgage Costs | Amount (excluding any VAT applicable) |
| Our basic legal fee | Range from £500 and £1,150* (plus VAT) |
| Bank Transfer Fee (for each transfer made over £30,000) | £25 (plus VAT) |
| Electronic ID Search Verification (per name checked) | £6 (plus VAT) |
| Anticipated Expenses ** | |
| Land Registry Documents (Leasehold Register and Plan, Freehold Register and Plan, Lease) | £15 (plus VAT)£3 per document (plus VAT) |
| Land Registry Search Costs (OS1) (per person) | £2 (plus VAT) |
| Bankruptcy Search Costs (per person) | £3 (plus VAT) |
| Value of the Property | Our Fees (excluding VAT) |
| Up to £250,000 | £500 – £650 |
| £250,000 – £500,000 | £600 – £750 |
| £500,000 – £750,000 | £700 – £850 |
| £750,000 – £1million | £800 – £950 |
| £1million – £1.5million | £900 – £1,150 |
* for properties with a value of £1.5million and above, fees will be provided upon request
** not listed in these expenses or included in our legal fees is:
Services included in this price:
The above range of are based of the re-mortgage of an existing residential leasehold property by one or more individuals (as opposed to a company or business partnership) with a title which is already registered at HM Land Registry and with a mortgage from a traditional high street mortgage lender. Most re-mortgages of leasehold property in England and Wales will fall within this category. Our fees include the following work:
Factors that may affect the price that you have to pay:
Additional work may need to be carried out on your re-mortgage which we are not aware of at the outset but which leads to an increase in our fees and/or the third party expenses you have to pay. If any such additional costs arise we will tell you about them as soon as possible. Examples of situations that might lead to an increase in costs include:
Typical Timescales
How long it will take from your mortgage being agreed until you receive the proceeds will depend on a number of factors. The average process takes between three to four weeks.
It can be quicker or slower, depending on how long it takes for the formal mortgage offer to be issued and whether for example the property is freehold or leasehold. If you are re-mortgaging a leasehold property that requires an extension of the lease, this can take significantly longer, between three and four months. In such a situation, additional charges may apply.
Key Stages in the Re-mortgage Process
The exact stages involved in the re-mortgage of a residential leasehold property vary according to the individual specific circumstances. However, the following are the key stages of a typical re-mortgage:
