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 £550 to £700 plus VAT (£660 to £840 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 20% plus VAT to £660 to £840 plus VAT (£792 to £1,008 with VAT). However, there may be circumstances where your matter is more complex and we will discuss with you if our costs will be higher.
Bank transfer administration fee should you require the net mortgage advance paid by CHAPS (BACS payments are free but take a few working days): £30 plus VAT (£36 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.
Abigail Huband associate CILEX practitioner
Angela Price, residential conveyancing support
Emma Jones, solicitor
Emma Lewis, legal executive
Gemma Williams, solicitor
Heloise Jones, residential conveyancing support
Janette Johnston, senior conveyancing assistant
Karen Bell, senior conveyancing assistant
Kaylee Evans, legal support assistant
Leanne Jones, trainee solicitor
Liz Ashford, legal assistant
Lisa Isherwood, legal secretary
Melanie Brider-Birch, legal support assistant
Nicola Simmons, legal assistant
Ruth Edwards, solicitor and team leader
Sara Harris, legal support assistant
Shelley Hyde-Catton, legal support assistant
Stephanie Gore, legal support assistant
Tim Treherne, partner
Vicky Clishem, solicitor
Our Property Solicitors work to the highest standards and know the local marketplace inside out.
For more information about our services in your area follow the links below.
Conveyancing Solicitors in Telford
Conveyancing Solicitors in Shrewsbury
Conveyancing Solicitors in Bromyard
Conveyancing Solicitors in Conwy
Conveyancing Solicitors in Hereford
Conveyancing Solicitors in Ludlow
Conveyancing Solicitors in Oswestry
There is no commitment or charge for our initial assessment, so please contact a member of the team or complete our online enquiry form on the right-hand side of this page.