This assumes the property is not already in mortgage. If it is see our page Re-mortgage of Residential Property.
Our fees cover all of the work required to complete the mortgage of the property including submitting search requests subject to the lenders requirements. It may be that search insurance can be used in lieu of full searches. If this is the case there is likely to be a significant saving in disbursements, reviewing any searches, reporting to you on the mortgage offer, reviewing the title for the lender, reporting to them, requesting funds, attending you or sending you papers for signing, completing the matter, reporting and accounting to you, dealing with registration at the Land Registry and reporting to you and the lender.
Our Legal Fees assume that:
The fees are likely to be in the range of £350 to £450 plus VAT (£420 to £540 with VAT), this assumes a freehold property. If it is leasehold it is likely there will be further costs to the landlord and/or management company and our fees would also increase by £100 plus VAT (£120 with VAT).
Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. These are likely to include:
How long it will take from you instructing us and having the funds depends on a number of factors, most of which will be outside our control. For example if the lender requires full searches, they can take several weeks. If not, the search insurance can usually be put on risk in a day. The offer can take some time to come through. On average however the process takes between four to six weeks.
If you have a leasehold property, the landlord and management company may have requirements that need to be complied with. These could have time and cost implications. For example notice of charge will need to be served and the landlord/management company fees can vary between a few pounds to in excess of £100 and may incur VAT, you may have to pay two fees.
The stages involved in the mortgage of a residential property vary according to the lenders requirements. However, below is an example of what is typically involved:
Find out more about the individuals who may be working on your case via the links below. Their profiles will include information as to their experience and qualifications.
Emma Alsop, conveyancer
Loretta Aston, partner, head of residential property
Anna Burgess, solicitor
Cassie Chidlow, solicitor
Kaye Davies, associate legal executive (FCILEx)
Kaylee Evans, legal assistant
James Jones, associate solicitor
Karen Ross, chartered legal executive
Debbie Stott, legal assistant
Tim Treherne, solicitor
Pam Turner, legal assistant
Nicola Bates, solicitor
David Foden, partner
Abigail Huband, residential conveyancer
Janette Johnston, senior conveyancing assistant
Nicola Simmons, conveyancing support
Shelley Wynn, conveyancing assistant
Carol Husbands, licensed conveyancer
Karen Bell, senior conveyancing assistant
Sarah Traylor, senior conveyancing assistant
Emma Jones, solicitor
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