Example Re - Mortgage Quotation

EXAMPLE RE-MORTGAGE QUOTATION

Our quotation covers all of the work required to complete the re-mortgage, including dealing
with registration at the Land Registry

To provide you with a quote, we will require the following information:
Client Name
Client's Correspondence Address
Address of property in relation to re-mortgage
Property Value and re-mortgage amount

Based on the information you have supplied, the fees and disbursements in relation to your purchase will be:

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Our Fees

Our legal fees in connection with the re-mortgage (based on borrowing sum of £120,000.00)
£515.00
VAT thereon @ 20%
£103.00
Electronic Money Transfer Fee to redeem existing mortgage on completion
£35.00
VAT thereon @ 20%
£7.00
Our administration fee for carrying out electronic identity verification – (£18.00 per person)
£15.00
VAT thereon @ 20%
£3.00
Disbursements   
Disbursements are costs related to your matter that are payable to third parties,    
such as Searches and Land Registry fees. 

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Local Search - This fee varies based on which local authority serves the property
£145.60
Drainage Search - This may vary based on which water provider is supplying the property
£54.59
Coal Mining Search - This is only applicable if the property is within a Coal Mining Area
£50.71
LMS Fee - Legal Marketing Services Limited (£25.00 plus VAT) dependant on lender
£30.00
HM Land Registry Registered Land Search
£3.00
HM Land Charges Search (£2 per purchaser/gift donor)
£2.00
HM Land Registry Registration Fee on completion
£30.00

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ESTIMATED Legal Fees and Disbursements
£993.90
This is an example provided for illustrative purposes to show how we work.
Charges and costs vary considerably between matters.
This information is a general indication of our likely costs.

Please contact us for a personalised quote.

How long will my re-mortgage take?
How long it will take will depend on a number of factors.
The average process takes between 6 - 8 weeks.


Stages of the process
The precise stages involved in a re-mortgage may vary according to the circumstances,
below we have suggested some key stages:

• Take your instructions and give you initial advice
• Check finances are in place to fund re-mortgage and contact lender's solicitors, if necessary
• Carry out searches
• Obtain further documentation, if required
• Advise on all documents and information
• Consider conditions of mortgage offer with you
• Arrange an appointment for you to review and sign all the relevant documentation
• Agree completion date
• Report to the lender and request mortgage funds, if necessary report and request further funds from you
• Complete re-mortgage
• Deal with application for registration at the Land Registry


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