Re-mortgage
Legal Fees
Our legal fees for acting for you in a re-mortgage of your existing residential property will be approximately £850.00 – £1,500.00 plus VAT depending on the particular circumstances of your matter. VAT is charged at the current rate of 20%.
If the transaction involves a charge/mortgage over a commercial property, please contact us for a specific quote.
Payment on account
We will request a payment on account at the outset of the transaction, currently £600.00.
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry Fees. We handle payment of the disbursements on your behalf to ensure a smoother process. The following disbursements may apply to your re-mortgage. Please note that these are costs which are payable to third parties and which are in addition to our fees. The following disbursements are likely to apply:
Local Authority Search
Price: £100.00 - £400.00 (This varies depending on the Council the property is located in)
VAT: £20.00 - £80.00*
Environmental Search
Price: £73.56
VAT: £14.71
Drainage And Water Search
£75.00-£150.00
VAT: £15.00- £30.00
No Search Chancel Insurance
£15.22
* Search providers usually include VAT in their charges. However, in most circumstances where they do not, we must add VAT to these costs.
The above search fees payable to third parties may increase and we will let you know if they do. There are other searches such as a commons registration search, highways search, a coal mining search and plan search which may apply depending on the location of the property. We will advise you of the cost if any of these searches are necessary.
Other disbursements Including VAT:
InfoTrack Client Onboarding Fee Including Anti Money Laundering Check
£14.40 pp
Bankruptcy Search
£6.00 pp
Land Registry Official Search
£7.00
Bank charges for sending monies by Chaps payment – £15.00 plus VAT per payment
Landlord/freeholders’ re-mortgage pack fee (for leasehold properties only) – £350.00 approximately
Notice of Charge fee (for leasehold properties only) – This fee is usually set out in the lease itself but varies from £50.00 – £150.00
Land registration fees – Between £40.00 – £295.00 depending on the value of the property
The process of re-mortgaging
The exact steps involved in a re-mortgage can vary depending on your individual circumstances. However, the key stages typically include the following:
Taking your instructions and completing the required customer due diligence checks
Reviewing and confirming your new lender’s instructions
Liaising with your lender’s solicitors, where the lender is separately represented
Investigating the legal title to the property on behalf of you and your lender
Carrying out the necessary property searches (further details provided below)
Reporting to you, and to your lender or their solicitors where required, on any issues relating to the title or other relevant matters
Advising you on the terms and conditions of your mortgage offer
Bringing to your attention any issues raised by the lender’s valuer, where a valuation report is provided to us
Ensuring all of the lender’s requirements are satisfied
Contacting your existing lender (using details supplied by you) to obtain a redemption statement and arranging for the removal of their charge from HM Land Registry on completion
Arranging for you to sign the mortgage deed and any supporting documentation in preparation for completion
The completion date (when mortgage funds are released) will depend on your requirements and the notice period required by your new lender
On the completion date, we will draw down the mortgage funds and redeem your existing mortgage
Following completion, your existing lender will remove their charge from HM Land Registry electronically or provide a discharge for us to submit
We will apply to HM Land Registry to register the new mortgage against the title to your property
If the property is leasehold, we will serve notice of the new mortgage on the freeholder or the managing agents, in accordance with the terms of the lease
HM Land Registry Fee
This is on a sliding scale and could cost between £20.00 -£1105.00 depending on the value of the property and whether the application can be made electronically. These fees can be calculated by visiting the Land Registry website at the following link http://landregistry.data.gov.uk/fees-calculator.html .
Re-mortgage not proceeding: If, for any reason, we are unable to complete the re-mortgage of your property, we will make a charge which will be a proportion of the fixed fee quoted relative to the time spent. Any charge made will not exceed the amount of the fixed fee we have given.
Example of a Re-mortgage
For the purchase of an existing leasehold flat (not a new build) with a purchase price of £400,000.00 in the London borough of Enfield with a mortgage, our fees and disbursements would be as follows (rates as of January 2026) :
Service Cost VAT Applicable VAT Amount Total
Legal Fees £950.00 ✓ £ 190.00 £1140.00
Disbursements
Local Authority Search £286.25 ✓ £54.25 £340.50
Drainage and Water Search £92.19 ✓ £18.44 £110.63
Environmental Search £61.20 ✓ £12.36 £73.56
Land Registration fee £150.00 £150.00
Land Registry Priority Search fee £7.00 £6.00
Bankruptcy Search fee £6.00 (per name) ✓ £0.30 £7.80
Bank Transfer Fee £15.00 ✓ £3.00 £18.00
Anti Money Laundering Check fee
including InfoTrack Onboarding Charge £12.00 (per name) ✓ £2.40 £14.40
Disbursements Total £630.14 ✓ £210.75 £1260.89
Final Total £1480.14 ✓ £380.75 £2280.89