Mortgages and re-mortgages

We can assist with the placing of a mortgage against your property. It is important to instruct skilled professionals to undertake this process for you. At Hudgell and Partners your matter will be handled by a qualified solicitor. You will be able to contact your conveyancing solicitor directly by phone or by email. As well as being Lexcel accredited (the Law Society’s practice Management standard) Hudgell and Partners also hold the Conveyancing Quality Scheme accreditation. We are on the panels of most high street lenders and the solicitors who will handle your matter have extensive experience in conveyancing and property law.

Our service will include giving advice on the mortgage contract, checking the title of your property and the requirements of your lender, complying with any mortgage conditions, preparing the mortgage deed for signature, where necessary obtaining a redemption figure for any existing mortgage, giving you a detailed mortgage statement, carrying out pre-completion searches, completing the transaction, repaying any existing mortgage,  accounting to you with any monies due, registering the new mortgage at the Land Registry and notifying you on completion of the registration.

Our service does not include dealing with any change of names on the title deeds, any second mortgage or any correction to the title deeds or indemnity policy required by your new lender.

We aim to complete all mortgages and remortgages within one month from the receipt of the mortgage instructions from your lender.

Our quote assumes that we will be instructed to act on behalf of your lender. If this is not the case then our fee may be higher as some lenders have extensive requirements.

Our fees for dealing with mortgage/remortgage transactions are as follows:

Freehold Property: £714.00 including VAT at 20%

Leasehold Property: £834.00 including VAT at 20%

In addition we will have to make payments to other agencies as follows:

Land Registry registration fee: Normally either £40 or £60 depending on the loan value

Land Registry searches: £5 plus £2 for each additional name on the mortgage

Land Registry deeds: £3

Local search indemnity insurance: Normally between £25 and £100 depending on the value of the loan

N.B. Local search indemnity insurance will only be possible if your lender agrees to it. Otherwise we will have to carry out a local search and wait for the result. Cost to be advised.

For leasehold properties the following may also be necessary:

Notice of charge fee: The fee is usually between £60 and £180

Certificate of Compliance fee. The fee is usually between £90 and £150

Copy lease and freehold deeds: £14