Pricing & Service Information

Mortgages and Remortgages

Couple with keys

A mortgage or re-mortgage occurs either when a mortgage is placed on a property which has no mortgage or you redeem the existing mortgage and take out a mortgage with a new lender.

Our mortgage and remortgage price information applies only if you are using a mainstream or High Street Lender. If you have a mortgage offer with a non-mainstream or more niche lender, then our fees will be higher.

It is important to note that you cannot normally remortgage unless you have owned the property for a period of six months. If you wish the remortgage to go through within the six months period you must check with your lender as to whether this is possible.

The information is based on a number of assumptions and particular the fee assumes that:

  • this is a standard transaction
  • the transaction is concluded in a timely manner and no unforeseen complication arise
  • all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  • There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction, but we will advise you if this becomes the case and will tell you
  • about any additional costs when the arise.

Mortgage Value Fees and Disbursements £0 to £1,000,000+

  • Legal fee £350 plus VAT
  • Search fees £0 – £250
  • HM Land Registry document fee £6.00
  • Registration Fee ranges from £20 – £680 (depending on value)
  • Electronic money transfer fee £35 plus VAT of £7

 

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The typical timescales and key stages of the purchase transaction:

Timings

How long it will take from the offer being made until the remortgage is completed and registered will depend on a number of factors. On average the process takes between 4-8weeks.

It can be quicker or slower, depending on the parties involved.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:

  • Obtaining ID
  • Obtaining details from you as to the whereabouts of your Title Deeds (if applicable).  If you have a mortgage on the property, it is likely that the title deeds will be with your lender. If this is the case, we will require the details of your lender as well as your account number.
  • Investigating the title of the property and obtaining a redemption figure for your existing mortgage
  • We may need to carry out a Local Authority Search. This will entirely depend upon whether your new lender requires a search to be undertaken
  • Considering the mortgage company’s instructions to us and considering the terms and conditions of your mortgage to ensure that they are complied with
  • Preparing the mortgage and other documents and obtaining your signatures to them where appropriate
  • Reporting to the mortgage company and obtaining the mortgage advance
  • Completing the re-mortgage. This is the date when the old mortgage will be repaid and the new mortgage will commence.
  • Registering the transaction at the Land Registry;
  • Forwarding the title documents to the mortgage company and accounting to you for any money held on your behalf.

Your mortgages and remortgages team are...

Kitsons Solicitors - Christine Chant

Christine ChantSolicitor

Christine is a Solicitor in our Residential Conveyancing team.

Kitsons Solicitors - Cameron Caverhill

Cameron CaverhillPartner

Cameron is a Partner and Head of our Property team in Exeter

Kitsons Solicitors - Jane Bromley

Jane BromleyConveyancer

Jane is a Conveyancer in our Residential Property team in Plymouth

Kitsons Solictors - Kay Faulkner Thumbnail

Kay FaulknerAssociate

Kay is a Associate in our Residential Property team in Torquay

Kitsons Solicitors - Sally Groom

Sally GroomAssociate

Sally is an Associate in our Residential Property team in Torquay

Kitsons Solicitors - Jenna Hamilton-Pursglove

Jenna Hamilton-PursglovePartner

Jenna is a Partner in our Residential Property team in Exeter

Kitsons Solicitors - Rebecca Miles

Rebecca KiftTrainee Licenced Conveyancer

Rebecca is a Trainee Licenced Conveyancer in our Residential Property team in Exeter

Kitsons Solicitors - Craig Roberts

Craig RobertsTrainee Chartered Legal Executive

Craig is a Trainee Chartered Legal Executive in our Residential Property team in Torquay

Kitsons Solicitors - Laura Tucker

Laura TuckerConveyancer

Laura is a Conveyancer in our Residential Property team in Plymouth

Kitsons Solicitors - Judy Vaughan

Judy VaughanChartered Legal Executive

Judy is a Chartered Legal Executive in our Residential Property team in Torquay

Kitsons Solicitors - Jenna Vince

Jenna VinceChartered Legal Executive

Jenna is a Chartered Legal Executive in our Residential Property team in Torquay

Kitsons Solicitors - Lucy Alford

Lucy AlfordLegal Secretary

Lucy is a Legal Secretary in our Residential Property team in Exeter

Kitsons Solicitors - Abby Coley

Abby ColeyLegal Assistant

Abby is a Legal Assistant in our Residential Property team in Exeter

Kitsons Solicitors - Katy Dore

Katy DoreLegal Secretary

Katy is a Legal Secretary in our Residential Property team in Torquay

Kitsons Solicitors - Samantha Gregory

Samantha GregoryLegal Secretary

Samantha is a Legal Secretary in our Residential Property team in Plymouth

Kitsons Solicitors - Janice Keightley

Janice KeightleyLegal Secretary

Janice is a Legal Secretary in our Residential Property team in Torquay

Kitsons Solicitors - Alana Nightingale

Alana NightingaleLegal Assistant

Alana is a Legal Assistant in our Residential Property team in Torquay

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