What are disbursements?

Disbursements are costs related to your matter payable to third parties (e.g. Land Registry fees).

We handle the payment of disbursements on your behalf to ensure a smoother process.

An estimate of the cost of typical disbursements incurred in respect of a freehold property remortgage are:

Anti-money laundering and ID check:	£12.00 per person
Search fees:	£50.00 to £400.00
Bankruptcy search:	£2.00 per name
HM Land Registry official search:	£3.00 per title and search
HM Land Registry fee:	£20.00 to £250.00

How long will my mortgage/remortgage take?

The average process takes between 4-8 weeks. How long it will take until completion of your mortgage/remortgage will depend on several factors.

Please be aware the mortgage/remortgage of a leasehold property may take longer, as it requires us to obtain the relevant and necessary information packs from the management company and freeholder.

What are the stages of buying a residential property?

It’s important to remember the precise stages involved in the mortgage or remortgage of a residential property may vary according to the circumstances. Below is an indication of the key stages in a typical mortgage/remortgage transaction:

• Take your instructions and give you initial advice
• Order Land Registry title documentation
• Carry out searches (if required by your lender)
• Obtain a settlement figure in respect of any mortgages secured against the property
• Go through conditions of mortgage offer with you
• Attendance with you to sign or sending the mortgage deed to you for signature
• Arrange for all monies needed to be received from lender and you
• Complete re-mortgage and redeem any mortgages secured against the property
• Deal with payment of Stamp Duty/Land Tax (if required)
• Deal with application for registration at Land Registry