Remortgage costs
People remortgage for a variety of reasons, and our team here at RLK are hugely experienced in this area.
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.
Leasehold
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.
Contacted RLK Solicitors today to get help about buying a property with a short lease.Sonia informed me all about the lease and how the lease works when buying leased property’s she is so informative about this topic and I’m very grateful about the knowledge and help she gave me..If your looking for a solicitor when buying a property then look no further then RLK solicitorsThey are excellent 👍..Thank you Sonia.
My wife and I recently purchased our first home, and we had the pleasure of working with RLK for the conveyancing process. Wilson and Amrit were extremely knowledgeable and kept us well-informed at every stage, which made the entire experience smooth. The process from offer to completion took just under three months, and we couldn’t be happier with the service provided. Thank you, Wilson and Amrit, for your professionalism and support!
I had a fantastic experience with Wilson. He provided expert guidance, exceptional service and ensured a smooth process.
Professional and honest service throughout the whole process. Would highly recommend.
We just bought our first property in the UK few months ago. Wilson from RLK had been very helpful and reliable at all times. He had provided professional conveyancing services to us and I can say the whole process has been fast and smooth.Wilson worked with all parties in a timely manner. We never expected the house purchase could be completed within 3 months! (considering it was with chains)100% recommended for sure.
helpful and efficient, always think about from client's side, gave valuable advices on our purchase of the house.
Thank you for the house completion. Excellent service and speedy response.
Professional and ReliableWilson was help me a lot in my over seven months buying house process. He help me to follow up with seller’s solicitor and give me some advice when problems happened suddenly. I want to say a BIG thank you to him and I recommend him to my friend too.
Highly recommended!Wilson provides professional and efficient service on our conveyancing works, made our house purchase so smooth and hassle free!He provided great customer care, explained to us the timeline, procedures and problems encountered in details. He communicated with the estate agent in a timely manner and enable all parties have a clear picture on the conveyancing progress.Definitely recommended.
Great service from a team of accessible, friendly and professional people. Amrit was always willing to speak to me personally or get back to me promptly with the answers. We were well guided through what could have been a stressful process to a swift completion with Sonia . A little extra money well spent. Thank you.
It was an exciting experience on buying a property! I would like to express my heartfelt thanks to Wilson. Wilson kept me being well informed throughout the property purchasing process and well addressed all my queries clearly and patiently. Excellent professional service. Highly recommended.
RLK did a very proficient job with the sale of my Dad's retirement flat and I am more than happy to recommend. The buyer sold at auction which gave us just a month in the event for the conveyancing, exchange and completion and it all went to plan. RLK's approach was thorough but sensibly pragmatic, which compensated for some exasperation on my part about where things were up to as time got tight. We are so used now to being able to track delivery status.......
Thank you to Sonia who dealt with a recent transfer for myself, although the other party delayed the process Sonia was extremely good at chasing this up for me, would definitely recommend and use again myself
This review is for Ms S Lawrence of RLK Solicitors regarding my property sale.I have found Ms Lawrence to be professional and motivated whilst managing, at the same time, to be friendly and personable. Ms Lawrence has progressed the conveyance of my property, keeping me fully informed of the current situation by telephone and email. Emails or telephone calls that I have initiated have been responded to quickly. It would be easy to be left with the impression that I was the only client. The service received has been second to none and value for money.
Sonia Lawrence on behalf of RLK Solicitors acted timely & efficiently in preparing the working papers towards the transfer of my property in my sole name & kept me informed during the lengthy registration process so that I was never at a loss as to the perceived delay on their part.I am very pleased with the service I received, thank you.
Sonia and Amrit were brilliant and really helped us get this process completed. Would highly recommend them to anyone! Thank you so much for your help.
We tried to get support from 3 other solicitors with no joy, they didn't appear to want to know or support in anyway. Then thankfully we tried RLK solicitors. Right from the first call they were supporting and reassuring and helpful and most importantly they had a great listening ear as I was going into territory I did not understand. Our solicitor was Sonia Lawrence and she was a god send, right from start to finish. The ladies on the front desk were also supportive and understanding. With the excellent work ethic and professionalism of this team, we now are in our new home. What a great legal team they are, would recommend to anyone who needs a brilliant professional solicitor.Many thanksNicole and Mark Jones.
Sonia did the conveyancing for our first home purchase. Her positive attitude and experience made the whole process completely stress free and we were able to complete within 8 weeks! Would 100% recommend!
HIGHLY RECOMENDED. Incredible service from start to finish, Sonia who was our allocated solicitor went above and beyond, she is very highly motivated and efficient and we can't thank you enough Sonia and RLK for providing an efficient smooth service. I can totally see why RLK was recommended to us. Thank you again you made it so easy for us.
We dealt with Sonia Lawrence when we recently purchased a new property, and transferred equity on an existing property. We found Sonia to be really helpful throughout the process. She took time to explain each step of the various processes and was patient with us from the outset. We were particularly impressed when we needed to go into the office to sign some documents. It was the school holidays and we needed to bring our children with us. Sonia had prepared some fun games and colouring to keep the children occupied while we signed the necessary forms. Sonia was brilliant with the children, which made the visit really special. It really felt as though Sonia was ‘on our side’ throughout the process, making sure our needs were met. Thank you so much Sonia and the rest of the RLK team.
Contacted RLK Solicitors today to get help about buying a property with a short lease.Sonia informed me all about the lease and how the lease works when buying leased property’s she is so informative about this topic and I’m very grateful about the knowledge and help she gave me..If your looking for a solicitor when buying a property then look no further then RLK solicitorsThey are excellent 👍..Thank you Sonia.
My wife and I recently purchased our first home, and we had the pleasure of working with RLK for the conveyancing process. Wilson and Amrit were extremely knowledgeable and kept us well-informed at every stage, which made the entire experience smooth. The process from offer to completion took just under three months, and we couldn’t be happier with the service provided. Thank you, Wilson and Amrit, for your professionalism and support!
I had a fantastic experience with Wilson. He provided expert guidance, exceptional service and ensured a smooth process.
Professional and honest service throughout the whole process. Would highly recommend.
We just bought our first property in the UK few months ago. Wilson from RLK had been very helpful and reliable at all times. He had provided professional conveyancing services to us and I can say the whole process has been fast and smooth.Wilson worked with all parties in a timely manner. We never expected the house purchase could be completed within 3 months! (considering it was with chains)100% recommended for sure.
helpful and efficient, always think about from client's side, gave valuable advices on our purchase of the house.
Thank you for the house completion. Excellent service and speedy response.
Professional and ReliableWilson was help me a lot in my over seven months buying house process. He help me to follow up with seller’s solicitor and give me some advice when problems happened suddenly. I want to say a BIG thank you to him and I recommend him to my friend too.
Highly recommended!Wilson provides professional and efficient service on our conveyancing works, made our house purchase so smooth and hassle free!He provided great customer care, explained to us the timeline, procedures and problems encountered in details. He communicated with the estate agent in a timely manner and enable all parties have a clear picture on the conveyancing progress.Definitely recommended.
Great service from a team of accessible, friendly and professional people. Amrit was always willing to speak to me personally or get back to me promptly with the answers. We were well guided through what could have been a stressful process to a swift completion with Sonia . A little extra money well spent. Thank you.
It was an exciting experience on buying a property! I would like to express my heartfelt thanks to Wilson. Wilson kept me being well informed throughout the property purchasing process and well addressed all my queries clearly and patiently. Excellent professional service. Highly recommended.
RLK did a very proficient job with the sale of my Dad's retirement flat and I am more than happy to recommend. The buyer sold at auction which gave us just a month in the event for the conveyancing, exchange and completion and it all went to plan. RLK's approach was thorough but sensibly pragmatic, which compensated for some exasperation on my part about where things were up to as time got tight. We are so used now to being able to track delivery status.......
Thank you to Sonia who dealt with a recent transfer for myself, although the other party delayed the process Sonia was extremely good at chasing this up for me, would definitely recommend and use again myself
This review is for Ms S Lawrence of RLK Solicitors regarding my property sale.I have found Ms Lawrence to be professional and motivated whilst managing, at the same time, to be friendly and personable. Ms Lawrence has progressed the conveyance of my property, keeping me fully informed of the current situation by telephone and email. Emails or telephone calls that I have initiated have been responded to quickly. It would be easy to be left with the impression that I was the only client. The service received has been second to none and value for money.
Sonia Lawrence on behalf of RLK Solicitors acted timely & efficiently in preparing the working papers towards the transfer of my property in my sole name & kept me informed during the lengthy registration process so that I was never at a loss as to the perceived delay on their part.I am very pleased with the service I received, thank you.
Sonia and Amrit were brilliant and really helped us get this process completed. Would highly recommend them to anyone! Thank you so much for your help.
We tried to get support from 3 other solicitors with no joy, they didn't appear to want to know or support in anyway. Then thankfully we tried RLK solicitors. Right from the first call they were supporting and reassuring and helpful and most importantly they had a great listening ear as I was going into territory I did not understand. Our solicitor was Sonia Lawrence and she was a god send, right from start to finish. The ladies on the front desk were also supportive and understanding. With the excellent work ethic and professionalism of this team, we now are in our new home. What a great legal team they are, would recommend to anyone who needs a brilliant professional solicitor.Many thanksNicole and Mark Jones.
Sonia did the conveyancing for our first home purchase. Her positive attitude and experience made the whole process completely stress free and we were able to complete within 8 weeks! Would 100% recommend!
HIGHLY RECOMENDED. Incredible service from start to finish, Sonia who was our allocated solicitor went above and beyond, she is very highly motivated and efficient and we can't thank you enough Sonia and RLK for providing an efficient smooth service. I can totally see why RLK was recommended to us. Thank you again you made it so easy for us.
We dealt with Sonia Lawrence when we recently purchased a new property, and transferred equity on an existing property. We found Sonia to be really helpful throughout the process. She took time to explain each step of the various processes and was patient with us from the outset. We were particularly impressed when we needed to go into the office to sign some documents. It was the school holidays and we needed to bring our children with us. Sonia had prepared some fun games and colouring to keep the children occupied while we signed the necessary forms. Sonia was brilliant with the children, which made the visit really special. It really felt as though Sonia was ‘on our side’ throughout the process, making sure our needs were met. Thank you so much Sonia and the rest of the RLK team.
What are the stages of a remortgage?
It’s important to remember the precise stages involved in the mortgage or remortgage of a residential property may vary according to th 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 application for registration at Land Registry
Remortgage Fees
We take a fixed fee approach to remortgages, rather than hourly rates. Fees are generally dependent upon the amount of the mortgage and the complexity of the matter. Typical fees based on the amount of mortgage are as follows:
| £0 to £200,000 | from £1,900.00 plus VAT |
| £200,001 to £500,000 | from £2,000.00 plus VAT |
| £500,001 to £1,000,000 | from £2,100.00 plus VAT |
| £1,000,001 and over | from £2,300.00 plus VAT |
We will add VAT to our fees at the rate that applies when the work is done. The current applicable rate is 20%.
It is possible that unforeseen extra work may become necessary which falls outside the scope of the quotation, for example, due to unexpected difficulties or if your requirements or circumstances change significantly during the matter. If so, we will advise you of the estimated cost of the extra work and attempt to agree an amended charge with you before incurring any additional costs.
If we cannot reach agreement, we will not undertake any further work and will charge you on an hourly basis for work to date.
The fees above do not include disbursements which will be required.
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: | £8.00 plus VAT per person |
| Search fees: | £50.00 to £400.00 plus VAT* |
| Bankruptcy search: | £3.00 plus VAT per title and search |
| HM Land Registry official search: | from £3.00 plus VAT |
| HM Land Registry fee: | £20.00 to £250.00 (not subject to VAT) |
*dependent on searches required
For more information or to request a quotation, click here or alternatively contact one our team who can help you.
