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Legal Fee Information for Mortgages & Re-mortgage for Residential Property

Introduction

Our Legal Fees cover all of the work required to complete the legal advice required to mortgage or re-mortgage your property.

Legal Fees and Disbursements

Legal Fees is the amount you will be required to pay for all of the work performed by us in actioning your instructions, from commencement of your case to conclusion

Below we detail what services are covered in our standard fee.

If at any stage our fees change, we will notify you and discuss the reason for any changes. This would typically occur if you change your instructions or your case involves an unforeseen complexity.

Our Fee Assumes That:

  1. this is a standard transaction and that no unforeseen matters arise.
  2. the transaction is concluded in a timely manner and no unforeseen complications arise.
  3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.

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.

You will be provided with a full list of disbursements in our formal quotation. If you need to incur any further disbursements during your case, you will be notified in advance of the reason and the amount.

How long will my Mortgage Application take?

The average mortgage or re-mortgage will take between 18 - 40 days.

Stages of the Process

The precise stages involved in the mortgage application of a residential property vary according to the circumstances.

We have set out the key stages of a standard transaction: -

Other Factors

Other Factors to consider which may affect your legal fees: -

These fees vary from property to property and can on occasion, be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as we receive this information.

Questions

If you have any questions relating to our services and our fees, please contact us on 020 7486 5131 or email us at admin@mwh-law.co.uk

Legal Team

The following team members handle all Residential Property matters:

In every case that we handle, we are committed to the very highest levels of client care