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Costs and Service Information
Mortgage or Remortgage of a Residential Property
Prices
Our costs information is set out generally below. For a bespoke quote relevant to your exact remortgage details (i.e. you will not have to work out the fees from the tables below yourself), please click here and enter your details and we will contact you. Please refer to our privacy policy for details of how we will use any information that you submit via the enquiry form on our website.
Please note that there will be two elements to the costs information set out below:
- Fees charged by Lovedays Solicitors. These are charged on the basis of fixed fees; and
- Fees payable to third parties.
Please ensure that you consider both parts of the costs information.
Fees charged by Lovedays Solicitors
| Property Price Range | Legal Fee | VAT (20%) | Total Fee |
|---|---|---|---|
| £0 - £300,000.99 | £605.00 | £121.00 | £726.00 |
| £300,001.00 - £500,000.99 | £660.00 | £132.00 | £792.00 |
| £500,001.00 + | £715.00 | £143.00 | £858.00 |
| Description of fee | Fee | VAT (20%) | Total fee |
|---|---|---|---|
| If the property is leasehold | £200.00 | £40.00 | £240.00 |
| If a management company is party to the transaction | £100.00 | £20.00 | £120.00 |
| Bank Telegraphic transfer fee | £10.00 | £2.00 | £12.00 |
Fees payable to third parties (‘Disbursements’)
| Description of Disbursement | Fee | VAT (20%) | Total |
|---|---|---|---|
| Office copy entries (approx.) | £10.50 | £2.10 | £12.60 |
| Property searches* (if required by your lender) | £416.67 | £83.33 | £500.00 |
| Bankruptcy search | £2.56 | £0.64 | £3.20 |
| AP1 registration fee (if applicable) | £5.00 | £1.00 | £6.00 |
| SDLT submission fee (if applicable) | £5.00 | £1.00 | £6.00 |
| OS1 search | £3.50 | £0.70 | £4.20 |
| Verification of funds (if applicable) | £4.00 | £0.80 | £4.80 |
| Electronic ID verification & Anti-money laundering check | £11.25 | £2.25 | £13.50 |
| Anti-money laundering check only | £5.17 | £1.03 | £6.20 |
| eCOS onboarding fee (if applicable) | £6.50 | £1.30 | £7.80 |
| Stamp Duty Land Tax | Dependent on property value and type of buyer you are. Please visit https://www.stampdutycalculator.org.uk/ to calculate your fee. ** | ||
| Land Registry fee | Dependent on property value and property type. Please visit https://www.gov.uk/guidance/hm-land-registry-registration-services-fees to calculate your fee. ** | ||
* The number and nature of searches that you will require may vary depending on the property and/or any mortgage lender.
** We will be able to confirm your exact fee once we have specific information about your mortgage/remortgage.
Work included and key stages
The precise work and stages involved in the mortgage or remortgage of a residential property vary according to the circumstances. However, we have set out the key stages involved in a typical mortgage/ remortgage transaction:
- Take your instructions and give you initial advice.
- Obtaining your title deeds.
- Checking the title of your property.
- Carrying out a Local Authority search if required by your lender.
- Acting on your mortgage lender’s instructions.
- Explaining the terms of your mortgage to you.
- Preparing the mortgage and other documents and obtaining your signature to them where appropriate.
- Reporting to the mortgage company and obtaining the mortgage advance.
- Completing the remortgage. This is the date when the old mortgage will be repaid and the new mortgage will commence.
- Registering the transaction with the Land Registry.
- Forwarding the title documents to the mortgage company and accounting to you for any money held on your behalf.
Services excluded
Our service will not include any of the following:
- Advice on the value of the property.
- Advice on the suitability of your mortgage or any other financial arrangements.
- A physical inspection of the property.
- Advice on any search result findings that identify contaminated land, fracking sites, or other environmental issues.
- Advice on tax (other than SDLT) or other accounting matters.
Approximate/average timescales
The length of time that it will take to complete your mortgage or remortgage will depend on a number of factors. However, the average process takes between 4 – 6 weeks.
It can be quicker or slower depending on the parties in the chain and the efficiency of third parties involved in the mortgage or remortgage such as your lender, search providers and the relevant local authority to conduct your local search if required.
Factors that could increase costs
In some circumstances we may increase our fees to account for additional time, work or skill required to meet your instructions. Examples include:
- If your lender makes detailed instructions requiring us to deal with matters other than those relating to the title to the property.
- If your lender instructs another conveyancer to act for them.
- If the lender requires anything other than a simple certificate of title (a simple certificate of title is standard with most lenders) in order to send the mortgage funds to our firm.
- If a trust document is required.
- If there is a defect in the property title which requires remedying prior to completion.
- If there are any other complexities to your remortgage.
Qualifications and experience of our litigation team
Our residential conveyancing team includes:
| Name | Position | Experience |
|---|---|---|
|
Alison Kirkham |
Licensed Conveyancer and Head of Residential Property |
Has worked in conveyancing since 2000 and qualified as a Licensed Conveyancer in 2006. |
|
Rachael Mellor |
Licensed Conveyancer |
Has worked in conveyancing since 2004 and qualified as a Licensed Conveyancer in 2011. |
|
Hayley Kirkland |
Licensed Conveyancer |
Has worked in conveyancing since 2007 and qualified as a Licensed Conveyancer in 2022. |
|
Pamela Morton |
Licensed Conveyancer |
Has worked in conveyancing since 2016 and qualified as a Licensed Conveyancer in 2020. |
|
Claire Broadhurst |
Solicitor |
Has worked in conveyancing for over 10 years and qualified as a Solicitor in 2001. |
|
Jo Moran |
Conveyancer |
Has worked in conveyancing since 2004 and is currently working on her Licensed Conveyancer qualification. |
|
Emily Boam |
Conveyancer |
Has worked in conveyancing since 2010 and is a certified CILEX Member. |
Regardless of who works on your matter, they will be supervised by Alison Kirkham who is the head of the residential conveyancing department.
If you would like to find out more about our staff, please click here.
Lovedays Solicitors, Potter and Co Solicitors and Andrew Macbeth Cash and Co Solicitors are the trading names of Derbyshire Legal Services Limited which is a company registered in England and Wales under company number 08838592. Registered office Sherwood House, 1 Snitterton Road, Matlock, Derbyshire, DE4 3LZ.
Authorised and Regulated by the Solicitors Regulation Authority under SRA ID number 637916.
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01629 56660
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Sherwood House
1 Snitterton Road
Matlock
Derbyshire
DE4 3LZ
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