Residential Remortgage Pricing

Residential Remortgage Pricing

Remortgage Amount

Fixed Fee

Up to £500,000

£500 INCLUSIVE OF VAT

Over £500,000

POA

Attwells have produced a special promotional fee for its re-mortgage service so as to ensure that its price equals the £500 cashback provided by most lenders for their solicitors fees.

This special offer enables our clients to use their mortgage cashback to pay their legal fees.

The price that you have been quoted to carry out your re-mortgage transaction is a fixed price to carry out a standard re-mortgage which has no added elements such as a redemption of a help to buy mortgage, a management company or additional legal work that you would like us to undertake on your behalf such as a Declaration of Trust.

What’s excluded from the price?

For a list of additional legal service and costs that you may be charged in  association with your transaction please see our menu of additional fees bellows. The price that you have been quoted covers the cost of redeeming one existing mortgage and securing the mortgage of your new lender.

Re-mortgage amount

Land Registry fee

£0-£200,000

£20 electronic /£40 postal

£200,001 -£500,000

£30 electronic /£60 postal

£500,001 - £1,000,000

£60 electronic/ £80 postal

£1,000,001 and above

£125 electronic /£250 postal

Standard disbursements

  • Bank Telegraphic transfer fee  £40 plus vat per transfer
  • Land registry final searches £20 plus VAT
  • Local search indemnity insurance  £40-£200 depending on the re-mortgage value
  • Indemnity arrangement fee £50 plus VAT

Additional mortgage redemptions £95 plus vat (only one mortgage redemption is included within your fix fee if you have a second or additional charges on the property then this fee is per charge)

There, however, may be disbursements that we are not currently aware of for example if your property is  leasehold property it will be necessary to ask your freeholder to complete a LPE1 form on your behalf which provides a pack of information in relation to the service charges, planned works, building insurance and the freeholder post completion requirements until we have contacted them we have no way of telling what this fee may be but typically it will be in the region of £150-£350

If you are purchasing a leasehold property there will be various fees that will be payable of completion to the freeholder, we will not know what these fees are until such a time as the sellers solicitors have provided the above LPE1 form, typically you may have to pay for:-

  • Notice of transfer and charge ranging from £75-£150 per notice.

How long will it take?

The average re-mortgage takes 3-4 weeks to concluded after your new mortgage offer has been issued.

Leasehold transactions typically take 2-3 weeks longer due the information that has to be collected from the Freeholder or Managing agent.

When do I pay?

Attwells solicitors will ask you for a payment on account to cover any third party disbursements to cover the cost of your searches or a copy of your title documents this will be up to £50 unless there are fees payable in advance to your freeholder for any information that we require from them.

Attwells legal fees will only become payable upon successfully completing your re-mortgage.  

Who will be responsible for my work?

Attwells have a large property team with a wealth of experience, our property team includes Solicitors, Legal Executives, Licenced Conveyancers, Trainee Solicitors, Paralegals and administration staff who may all undertake work on your behalf. All work undertaken by unqualified staff is supervised by either a Solicitor, Legal Executive or Licenced Conveyancer. 

How to instruct Attwells

If you wish to instruct Attwells then please contact our New Business Team who will be happy to send you our welcome pack, this pack includes all of the necessary forms that you will need to complete and return to use together with our identification requirements. Our FAQ’s provides helpful information to assist our you can contact our team newbusiness@attwells.com.

 

Instruct Attwells