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Mortgages and Remortgages
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:
Mortgage Value Fees and Disbursements £0 to £500,000
Mortgage Value Fees and Disbursements £500,000+
The typical timescales and key stages of the purchase transaction:
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:
Amy is a Trainee Licensed Conveyancer in our residential team
Margaret is a Conveyancer in our Residential Property Team
Christine is a Solicitor in our Residential Conveyancing team.
Cameron is a Partner and Head of our Property team in Exeter
Rebecca is a Trainee Licenced Conveyancer in our Residential Property team in Exeter
Craig is a Trainee Chartered Legal Executive in our Residential Property team in Torquay
Judy is a Chartered Legal Executive in our Residential Property team in Torquay
Jenna is a Chartered Legal Executive in our Residential Property team in Torquay
Lucy is a Legal Secretary in our Residential Property team in Exeter
Abby is a Legal Assistant in our Residential Property team in Exeter
Katy is a Legal Secretary in our Residential Property team in Torquay
Samantha is a Legal Secretary in our Residential Property team in Plymouth