Why Us

Our conveyancing team understand the stress involved in remortgaging your property, and know how the banks, building societies and mortgage lenders work.  They have the experience and legal and technical “know how” to resolve any issues as they arise in a professional and efficient manner, making the difference by taking the stress away from you and dealing with matters on your behalf.

We will assign a dedicated conveyancer to you who will be contactable by direct dial telephone number and email address.  Our conveyancing team is made up of solicitors, chartered legal executives, trainee solicitors and paralegals, and is supervised by James Gwilliams who is a director and Head of Residential Property, and Prayag Patel, who is Head of National Conveyancing and New Homes

We understand that communication is key, so we will make sure we are available to answer your questions in plain English and keep you up-to-date with everything you need to know.

At a time when money really matters, we understand the importance of providing a professional, quality service at a fair price.  We not only want to provide that first-class service, but also value for money, with no hidden fees.

We are proud to hold Lexcel and CQS Accreditations, issued by the Law Society. This involves the firm undergoing a rigorous audit process which ensures we maintain high levels of client care.

Pricing

We understand that costs are important and we review our fees on a regular basis, so we can make sure we are always competitive and offer the best value for your money.

We typically work on a fixed fee basis, so that you know what the fees will be for your transaction from the outset, providing you with an individual cost estimate, so that there are no hidden surprises.  If, during the transaction, there are any new developments that involve additional work on our behalf, we will discuss any change in fees with you and agree a way forward.

Remortgage Fees

Our typical legal fees for remortgaging by individuals range from £500 – £750 plus VAT of £100 to £150.

What’s Included

Taking into account the assumptions listed below, our legal fees cover all the work required to complete the remortgage of your home, including the discharge of any existing first charge and completing the application to the Land Registry to register the lender’s charge.

Assumptions:

• That it’s a standard transaction and no unforeseen matters arise including, for example (but not limited to), a defect in title which requires remedying before completion, or the preparation of additional documents supplementary to the main transaction.
• The transaction is concluded in a timely manner and no unforeseen complications arise
• No indemnity policies are needed (there may be additional fees and disbursements if indemnity policies are required)

What’s Not Included

*On the redemption of a Help to Buy Mortgage, you must get a valuation of your property, which is required to calculate the actual redemption figure.  The current administrators of the Help to Buy Scheme, will charge an administration fee of approximately £190 and you will also incur a valuation fee of approximately £350.

What Might Affect our Fees

Factors that may lead to an increase in our fees include:

• If a legal title is defective or part of the property is unregistered
• If you discover building regulations or planning permission has not been obtained
• If crucial documents, we have previously requested from you have not been provided to us

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

This will depend on the amount of the new mortgage. You can calculate the amount you will need to pay by using HMRC’s website

Other disbursements may apply, depending on the particular circumstances of your transaction.  We will tell you about any additional disbursements if they arise, and agree these with you in advance.

Referral Fees

We work with local and national estate agents and introducers throughout England and Wales. On some transactions we pay referral fees to these introducers from our marketing budget so that any referral fee is not an additional cost to you. The average fee paid is between £95 and £440

What We Do – The Key Stages

• Take your instructions and give initial advice based on the information you have provided
• Request the Redemption Statement(s)
• Obtain Official Copies of the Title
• Check Official Copies
• Leasehold properties – check provisions contained in the lease
• Check the mortgage offer
• Prepare for completion
• Request final redemption statement(s)
• Request the mortgage advance
• Completion
• Registration
• Leasehold properties – prepare and serve notice of charge.

What We Don’t Do

We do not undertake mortgage or tax advice and we would recommend you seek advice from an independent mortgage broker or financial advisor.

We do not carry out valuations on your home, this will be conducted by your new lender.

How long will your remortgage take to complete?

In our experience the average process takes about four weeks to complete.  It can be quicker or slower depending on any unforeseen circumstances.

Other factors which may affect the timescale include:

• How quickly you provide us with any information we have requested from you
• The speed of responses we get to requests for redemption figures from any existing lenders
• We discover a defect in title which requires remedying before completion.

It’s good to talk…

We know that trying to work out the exact cost of moving house isn’t easy – everyone’s circumstances are different.  That’s why we have a dedicated enquiries team who specialise in providing all-inclusive fixed fee quotes.  They can explain all the charges, in clear, plain language over the phone, so there are no surprises down the line and confirm by email, usually in a matter of minutes.

Contact them now for a fixed fee quote on 0800 118 1500, or email enquiries@talbotslaw.co.uk.