Conveyancing Pricing Guidelines
Remortgage of Property
Our fees cover all of the work required to complete the sale of your property, including providing evidence of your title to the property to the Buyer’s solicitors, dealing with any enquiries raised by the Buyer’s solicitors, redeeming any mortgage(s) registered against the property, completing the sale and forwarding the net proceeds to you. Our estimate of costs (based upon the information you have provided) is set out below.
| Estimated Costs | Amount (£) | VAT (£) |
| Legal Fees | £795.00 | £159.00 |
| Bank Transfer Costs (electronic transfer of funds to redeem existing mortgage) | £30.00 | £6.00 |
| Property Search Pack (if the Mortgage Lender insist on Searches)* | £196.00 | £39.20 |
| Land Registry Registration Fees (assuming property is registered at Land Registry) | £20.00 | |
| Land Registry Search Fees | £4.00 | £0.80 |
| Bankruptcy Search Fees | £3.00 | £0.60 |
| Post Completion Land Reg Application fee | £5.00 | £1.00 |
| Client ID check (per person) | £12.00 | £2.40 |
| Total Fees | £1,065.00 | £209.00 |
| Total VAT | £209.00 | |
| Total cost (incl. VAT) | £1,274.00 |
| Estimated Costs | Amount (£) | VAT (£) |
| Legal Fees | £795.00 | £159.00 |
| Bank Transfer Costs (electronic transfer of funds to redeem existing mortgage) | £30.00 | £6.00 |
| Property Search Pack (if the Mortgage Lender insist on Searches)* | £196.00 | £39.20 |
| Land Registry Registration Fees (assuming property is registered at Land Registry) | £30.00 | |
| Land Registry Search Fees | £4.00 | £0.80 |
| Bankruptcy Search Fees | £3.00 | £0.60 |
| Post Completion Land Reg Application fee | £5.00 | £1.00 |
| Client ID check (per person) | £12.00 | £2.40 |
| Total Fees | £1,075.00 | £209.00 |
| Total VAT | £209.00 | |
| Total cost (incl. VAT) | £1,284.00 |
| Estimated Costs | Amount (£) | VAT (£) |
| Legal Fees | £795.00 | £159.00 |
| Bank Transfer Costs (electronic transfer of funds to redeem existing mortgage) | £30.00 | £6.00 |
| Property Search Pack (if the Mortgage Lender insist on Searches)* | £196.00 | £39.20 |
| Land Registry Registration Fees (assuming property is registered at Land Registry) | £45.00 | |
| Land Registry Search Fees | £4.00 | £0.80 |
| Bankruptcy Search Fees | £3.00 | £0.60 |
| Post Completion Land Reg Application fee | £5.00 | £1.00 |
| Client ID check (per person) | £12.00 | £2.40 |
| Total Fees | £1,090.00 | £209.00 |
| Total VAT | £209.00 | |
| Total cost (incl. VAT) | £1,299.00 |
As this purchase transaction value is over £500,000 we are unable to generate an accurate quote online. Please contact the office on 0191 257 0382 if you would like to proceed with a quote.
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.
*In most Remortgage cases, the new lender will accept No Search Indemnity Insurance, which is a one off premium which provides the new Mortgage Lender with financial protection against any adverse matters which would have been revealed had the usual property searches been commissioned. No Search Indemnity Insurance is often much cheaper than the Property Search Pack. Please note that the above estimate is a guideline only and whilst we have stated what our costs will be we cannot state at this stage the exact costs of Additional Costs and Expenses. In some circumstances additional services are required in order to bring the matter to completion.
Should the matter not proceed to completion, the costs incurred up to that particular stage of the transaction will be charged at the fee earners hourly rate.
How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors.
The average process takes between 8-10 weeks. It can be quicker or slower, depending on the complexities and the parties in the chain.
For example, if you are a first time buyer, purchasing a pre-owned property with a mortgage in principle, it could take 6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 4 months. In such a situation additional charges may apply.
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
• Take your instructions and give you initial advice
• Check the title to the property
• Provide contract documentation to the Buyer’s solicitors
• Deal with any enquiries which may be raised by the Buyer’s solicitors.
• Give you advice on all documents involved in the transaction
• Send final contract to you for signature
• Agree completion date (date from which you own the property)
• Obtain a redemption statement from your current mortgage lender
• Exchange contracts and notify you that this has happened
• Complete sale
• Deal with payment of Estate Agent’s invoice
• Forward the net proceeds of sale to you.
Our conveyancing team is made up of qualified Solicitors (with at least 10 years experience each) and Conveyancing Executives (with over 30 years experience).
Our Property Department has over 100 years of property legal experience between them.
The team is supervised by the Head of Department, Dwayne Hills, who has over 10 years’ experience working in residential conveyancing and who began working in the Legal profession in 2007.
