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Thank you for looking at our property services. Making the decision to remortgage your home can be just as significant as purchasing a property for the first time.
Understanding likely costs is an important part of the process. If you are researching remortgage solicitor fees, remortgage conveyancing cost, remortgage legal fees or solicitor costs for remortgage services, our team can provide clear guidance and transparent pricing from the outset.
A remortgage is when you either renegotiate with your current lender or move your mortgage to a new lender. It is important to speak to a mortgage adviser who can explain the options available and help you choose the most suitable product for your circumstances.
There are many reasons you may wish to remortgage, from securing a better interest rate to releasing equity from your property. Whatever your reason, our team can guide you through the legal process and ensure everything progresses as smoothly as possible.
Why Choose Hains & Lewis for Remortgage Legal Services
We have an experienced team who understand the stress involved in re-mortgaging your property, who know how the banks, building societies and mortgage lenders work. Our approach is a simple, we provide a first-class service from our expert team who make the difference by taking the stress away from you and dealing with matters on your behalf.
Remortgaging may appear simpler than buying or selling a property, but there are still important legal requirements that need to be completed correctly. Our role is to ensure that the lender's requirements are satisfied, the title is checked thoroughly and any issues are identified and resolved before completion.
We take the time to explain the process clearly, ensuring you understand each stage of the transaction and any actions required from you. From receiving mortgage instructions through to completion and registration, our team will provide practical advice and regular updates throughout.
By combining legal expertise with a client-focused approach, we aim to make the remortgage process as straightforward and stress-free as possible.
Every lender has its own requirements and procedures, which can sometimes create delays if issues are not identified early. Our team has experience dealing with a wide range of banks, building societies and mortgage lenders, allowing us to deal with requirements efficiently and keep your transaction progressing. We will keep you informed throughout the process and work proactively to resolve any issues that arise.
Good communication is key to making the remortgaging process as simple and stress-free as possible for you. Our team of highly qualified solicitors have the legal and technical “know how” to resolve any issues as they arise in a professional and efficient manner, while making sure everything you need to know is explained as clearly as possible.
You will have the confidence that you are our priority, with our aim being that any member of the team is available to speak with you when you need some clarity and certainty at any stage in the process. We feel this provides reassurance and gives you an outlet for any concerns that you may have. We not only want to provide that first-class service, but value for money and no hidden fees.
Remortgage Solicitor Fees and Costs
We work on a fixed fee basis, so you will know exactly how much your remortgage is going to cost from the outset.
Our approach provides clarity around remortgage solicitor fees and helps clients understand likely costs before work begins.
If during the transaction there are any new development 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 are set out as:
Remortgage
Item | Amount | VAT | Subtotal |
|---|---|---|---|
Our Fees | £500.00 | £100.00 | £600.00 |
The overall remortgage conveyancing cost will usually depend on the nature of the property, whether the property is freehold or leasehold and whether any additional legal work becomes necessary during the transaction. We will always discuss any changes with you at the earliest opportunity and provide a clear explanation of any additional fees.
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 |
|---|---|---|---|
ID Check | £12.00 |
| £12.00 |
Telegraphic Transfer Fee | £12.00 | £12.00 | |
Land Registry Fee (Estimate) | £40.00 | £40.00 | |
Bankruptcy Search (per client) | £2.00 | £2.00 | |
Land Registry Pre Completion Search | £3.00 | £3.00 | |
Search Insurance (Estimate) | £150.00 | £150.00 | |
Estimate Total | £219.00 | £219.00 |
The disbursements listed above are typical costs associated with many remortgage transactions. However, additional costs may apply depending on the property, lender requirements or any issues identified during the legal process. We will keep you informed of any such costs before they are incurred.
Exclusions
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.
Time Scales
A typical remortgage takes between 6 and 8 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.
Key Milestones
With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows:
- 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
Speak to Our Remortgage Team
Whether you are switching lenders, securing a new fixed rate or releasing equity from your property, our team can help guide you through the legal process. Get in touch to discuss your remortgage and receive clear advice on the costs, timescales and next steps involved.