Residential Re-Mortgages
| Fee | VAT | Total | |
| Residential Re-Mortgage (minimum fee) | £900.00 | £180.00 | £1,080.00 |
VAT is currently 20%
How long will my re-mortgage take?
A typical re-mortgage takes between 6 to 8 weeks, however it can be longer if there are any complications such as an application being rejected. The process may also take longer is you switch lenders compared with getting a new deal with your current mortgage company.
Key Stages Involved in a re-mortgage
With every transaction there are key milestones, which may vary accordingly to individual circumstances. They may be as follows:
- Taking your instructions and giving initial advice based on the information you have provided
- Requesting the title deeds and redemption statement
- Obtaining Official Copies of the Title
- Checking the Title and Official Copies
- Leasehold properties will require the Lease to be checked and the management company will need to be contacted for their requirements. Additional fees may be payable to the management company.
- Searches
- Checking the mortgage offer
- Preparing for completion
- Requesting final redemption statement
- Requesting the mortgage advance
- Completion
- Registration
Other Residential Services
| Matter | Fee | VAT | Total |
| Transfer with no Mortgage (minimum fee) | £850.00 | £170.00 | £1,020.00 |
| Transfer subject to a mortgage (minimum fee) | £950.00 | £190.00 | £1,140.00 |
| Freehold Reversion (minimum fee) | £950.00 | £190.00 | £1,140.00 |
| Further Advance | £500.00 | £100.00 | £600.00 |
| Residential Lease Extensions (minimum fee) | £900.00 | £180.00 | £1,080.00 |
VAT is currently 20%
Disbursements
| Description | Fees | VAT | Total |
| Telegraphic Transfer Fee | £35.00 | £7.00 | £42.00 |
| Administration Fee for electronic submission of Land Registry application | £25.00 | £5.00 | £30.00 |
| Administration Fee for arranging any indemnity policies | £20.00 | £4.00 | £24.00 |
| Anti-Money Laundering Checks (there is a reduced rate if more than one client on the matter) | £40.00 | £8.00 | £48.00 |
| Lawyer Check (per firm) | £10.00 | £10.00 | |
| Office Copy Entries (per title and plan) | £7.00 | £7.00 | |
| Bankruptcy Search (per person) | £6.00 | £6.00 | |
| Companies House Registration Fee | £23.00 | £23.00 | |
| Lender/Mortgage Administration Fee (if your mortgage is processed through LMS or Connect) | £35.00 to £42.00 | £35.00 to £42.00 |
If searches are required they are estimated to cost around £380.00.
Land Registry fee are calculated depending on the type of transaction, fee payable or value of the property.
Stamp Duty Land Tax may also be payable. Please follow the link below to the Stamp Duty Land Tax calculator to calculate any liability payable.
https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#!/intro
Hourly Rates
| Fee Earner | Hourly Fee | VAT | Total |
| Paul Burgoyne | £250.00 | £50.00 | £300.00 |
| Chloe Burgoyne | £250.00 | £50.00 | £300.00 |
| Maneer Ahmed | £250.00 | £50.00 | £300.00 |
| Charlotte Knight | £175.00 | £35.00 | £210.00 |
Abortive Costs
Our costs for abortive matters are calculated depending on the amount of time spent on a matter. Any costs for disbursements already incurred will remain payable.
To discuss a matter or obtain a quotation please telephone the office on 01922 616916 or email either Maneer Ahmed, maneer@burgoynesolicitors.co.uk or Charlotte Knight, charlotte@burgoynesolicitors.co.uk