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:

  1. Fees charged by Lovedays Solicitors. These are charged on the basis of fixed fees; and
  2. Fees payable to third parties.

Please ensure that you consider both parts of the costs information.

Fees charged by Lovedays Solicitors

New mortgage value Legal fee VAT (20%) Total fee

£0.00 - £300,000.00

£550.00

£110.00

£660.00

£300,001.00 - £500,000.00

£600.00

£120.00

£720.00

£500,001.00 +

£650.00

£130.00

£780.00

Please also add the following costs to the applicable fee listed in the table above to your remortgage:
Description of fee Fee VAT (20%) Total fee

Thirdfort electronic ID check (required for each person remortgaging)

£9.95 (per person)

£1.99 (per person)

£11.94 (per person)

Consumer bank account check provided through Lawyer Checker.*

£2.50

£0.50

£3.00

*This is protect to you from the threat of fraudsters attempting to steal monies due to you by confirming that the bank details that we are provided with, belong to you.

Fees payable to third parties (‘Disbursements’)

Description of Disbursement Fee VAT (20%) Total

Bankruptcy Search

£2.00 (per person)

£0.40

£2.40 (per person)

CHAPS Fee

£10.00

£2.00

£12.00

Pre-Completion Search for registered property

£3.00 (per registered title)

N/A

£3.00 (per registered title)

Land charges search (for unregistered property)

£3.00 (per persons searched against)

£0.60

£3.60 (per persons searched against)

Searches * (if required by your lender)

In the region of £300.00

N/A

£300.00

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

Richard Roberts

Solicitor, Head of Department and Managing Director

Admitted as a solicitor in 1999.

Kathryn Griffiths

Solicitor

Admitted as a solicitor in 2000.

Racheal Mellor

Licensed Conveyancer

Has worked in conveyancing since 2004 and qualified as a Licensed Conveyancer in 2011.

Denise Graham

Property Assistant

Has been working in conveyancing since 2016.

Hayley Kirkland

Trainee Licensed Conveyancer

Has been working in conveyancing since 2007.

Regardless of who works on your matter, they will be supervised by Richard Roberts who is a solicitor and the head of the residential conveyancing department.

If you would like to find out more about our staff, please click here.


About Lovedays

Lovedays Solicitors, Potter and Co Solicitors and Andrew Macbeth Cash and Co Solicitors are the trading names of Derbyshire Legal Services Limited (Company Registration Number 08838592) whose registered office is at Lovedays Solicitors, Crown Chambers, 6 Bank Road, Matlock, Derbyshire, DE4 3AQ.

The Directors of Derbyshire Legal Services Limited are C.D.Gale and R.LL.Roberts. The Company is otherwise authorised and regulated by the Solicitors Regulation Authority whose rules can be accessed at www.sra.org.uk

Contact
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  • Crown Chambers
    6 Bank Road
    Matlock
    Derbyshire
    DE4 3AQ

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