Remortgage What is and is not included:

What is included?

  • Arranging identification checks for up to 2 people (any additional checks required are at £18.00 (£15.00 plus VAT) per check.
  • Obtaining all title documents.
  • Requesting redemption (repayment) figures from current mortgage lenders.
  • Review of your mortgage offer, reporting to you on the documentation provided and any special conditions, and acting for your mortgage lender.
  • Arranging your signature to the documents needed for the remortgage to go through.
  • Arranging completion of your remortgage.
  • Paying off any current mortgages secured against the Property.
  • Registration of your new mortgage with HM Land Registry.

What is not included?

  • Dealing with any title defect for your property to enable the remortgage to complete.
  • Dealing with a management company if the property is freehold.
  • Dealing with a Landlord and/or management company if the property is Leasehold.
  • Arranging indemnity insurance.
  • Searches where your mortgage lender requires them.
  • Dealing with second and additional mortgages or restrictions on the remortgage of the property.
  • Transfer of ownership between registered owners.
  • Drafting a Deed of Covenant if required by a Landlord or Management Company.
  • Transfers of party of a registered piece of land.
  • Lease extensions.
  • Equity release mortgages.
  • Unregistered property.
  • Remortgaging with tenants in situ.
  • Tax advice such as (but not limited to) Capital Gains Tax.
  • Anything not listed as included in the above

Remortgage timeframes:

According to Right Move, the national average for a remortgage transaction is currently 8 weeks from receipt of the mortgage offer. There are various things that will affect the speed of a remortgage transaction such as the length of a lease or any other defects in title or special conditions that the mortgage lender requires.
We will do everything that we can to progress your remortgage as swiftly as possible.

When will you be billed?

You will be billed on completion of your remortgage and the bill will be payable at that time.

If your matter becomes abortive, the following fees will be charged:

25% of the legal fee if the title check has been carried out.

50% of the legal fee if we have reported to you on the terms of your mortgage.

75% of the legal fee if we are ready to complete your remortgage.