Remortgage Conveyancing Quotes and Fees

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Considering a Remortgage? At Martin Shepherd, our experienced team of solicitors and conveyancers are ready to expertly guide you through the process. Our commitment is to simplify your conveyancing journey, ensuring it is not only efficient but also stress-free.

We can advise you on Remortgage Conveyancing at our Potters Bar, Hertford, and Finchley offices.

Why you Need Martin Shepherd Solicitors For Your Remortgage Conveyancing

When you embark on your remortgaging journey, your new lender will insist on you hiring a solicitor to handle the legal aspects, known as conveyancing. 

At Martin Shepherd Solicitors, we stand as your dedicated ally, representing the interests of both you and your lender throughout this process:

  • We conduct all legal searches, identifying potential liabilities.
  • We ensure that your property serves as secure collateral for the mortgage loan.

Our expertise ensures a seamless remortgage experience, safeguarding your interests and securing a smooth transition in your financial journey.

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Martin Shepherd Solicitors Process To Remortgage a Property.

  • Find a conveyancing solicitor: Contact our team of conveyancing solicitors to handle your process.
  • Proof of ID: We will carry out identification and anti money laundering checks to comply with anti-money laundering regulations.
  • Current Mortgage Details: Our conveyancing solicitors will obtain details of your existing mortgage and request a redemption statement from your current lender.
  • Leasehold Checks: The team will ensure lease terms and remaining lease time align with your new lender’s requirements.
  • Property Searches: We will fulfil any property searches requested by your new lender before approving the loan.
  • Property Evaluation and Mortgage Offer: The new lender evaluates your property and issues a formal mortgage offer.
  • Mortgage Offer Examination: Our conveyancing team reviews the terms of the mortgage offer, addressing any concerns with you and the lender.
  • Signing the New Mortgage Deed: Once satisfied, you can sign the new mortgage deed.
  • Final Checks: We will conduct a bankruptcy search and priority search with HM Land Registry to ensure no adverse changes.
  • Completion Day: On the agreed completion day, we will:
  • receive mortgage funds from the new lender.
  • pay off your old lender and any fees
  • deposit the money into your account.
  • Informing Land Registry: We notify the Land Registry of the change of lender and update the property title deeds.

Discover more about Remortgage Conveyancing at our Hertford, Finchley, and Potters Bar offices.

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What Are Our Remortgage Conveyancing Quotes and Fees?

We are happy to provide remortgage conveyancing quotes as required from our conveyancing teams in Potters Bar, Hertford and Finchley.

TYPE OF FEE

COST

Acting for you in the remortgage of your home – freehold eg house/bungalow

£475.00

Acting on behalf of your mortgage company in relation to redemption (per mortgage)

£100.00

Leasehold fee

£175.00

Professional Indemnity Fee 

£75.00

Transfer of Funds, per item

£30.00

Searches Administration 

£25.00

ID/AML  Check inclusive of VAT

£13.50

File Archive Fee   

£25.00

VAT is payable on these fees

 

 **If your Mortgage provider is Paragon Mortgages, Metro Bank or The Mortgage Trust, there will be an additional legal fee estimated to be around £100.00 + VAT due to the sheer number of conditions in their offers.

** Help to Buy Loan £450

** Help to Buy ISA £50

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.

Local Authority Search (if applicable) – £100.90 – varies – to be confirmed

Land Registry Fee – £40.00

Land Registry Search Fee, OS1 – £3.00

Bankruptcy Search Fee (per name) – £2.00

Obtaining Office Copy Entries (per title) – £6.00

Mortgage lender fee ( if applicable)  £35 plus VAT £7 total £42

Assumptions

Our fees assume that:

  1. This is a standard transaction, and no unforeseen matters arise, including for example (but not limited to), a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction.
  2. This is the assignment of an existing lease and is not the grant of a new lease ( if leasehold).
  3. The transaction is concluded in a timely manner, and no unforeseen complications arise.
  4. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
  5. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

 

Learn more about Remortgage Conveyancing at our Finchley, Potters Bar, and Hertford offices.

Martin Shepherd Solicitors offers a transparent remortgage conveyancing service. When you contact us, we will provide you with a written quote specific to your remortgage conveyancing process.

To discuss your remortgage conveyancing quote, please contact us on 020 8367 3230 or reception@martinshepherd.co.uk  or contact one of our conveyancers at our office in Hertford, Potters Bar or Finchley.

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Our Reviews

We have worked with Sarah at Martin Shepherd twice now and have had an excellent experience. Sarah is professional, efficient and personable. She walked us through every step of the process, offering advice and guidance all the way. We would highly recommend!
Emma
We had to do a lease extension which proved to be a lot of hassle and I can’t thank Sarah enough for her time, hard work and help throughout the whole process, she truly has been amazing and I won’t hesitate to use her again in the future! Thank you so much Sarah for everything!
Kirsty
I can’t recommend Martin Shepherd Solicitors highly enough. I had a very tricky buyer but Sarah and her team were amazing and dealt with any issues immediately. They are so professional and helpful! 10/10
Shirley

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The legal information on this website cannot be regarded as a definitive statement of the law or of the effect of the law, and does not comprise, and should not be relied on as giving, legal advice.

It has been prepared in good faith, but none of the individuals responsible for or involved in its preparation accept any legal responsibility or liability for anything done in reliance on it.

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Martin Shepherd Solicitors LLP is a limited liability partnership registered in England & Wales, registration number OC356132, Potters Bar – Head Office, Maple House, High Street Potters Bar London EN6 5BS where a list of the members is kept.

Martin Shepherd Solicitors LLP is authorised and regulated by the Solicitors Regulation Authority numbers: 560729 (Potters Bar – Head Office); 562353 (Finchley office); 615079 (Hertford office). VAT Registration Number 116 9785 78

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