Re-Mortgages

If you need to re-mortgage your home, you will need to instruct experienced residential conveyancers to assist with the legal aspects of your re-mortgage.

BRM's expert property team will carry out your mortgage lender's requirement including:

Checking the terms and conditions of your mortgage offer. We will tell you if there are any particular requirements you need to fulfill for your re-mortgage.
If your mortgage lender requests that searches are carried our on your property (such as land registry searches and local authority searches), we will do this for you.
Reviewing the title deeds for your property so that we can advise your mortgage lender that your property details on the instructions for your re-mortgage are correct.
Notify your mortgage lender if there are any issues with title to your property.
Preparing the mortgage deed.
Carry out a bankruptcy search on each of the borrowers named in the application on your re-mortgage. We will also carry out a search for any land charges which may have been applied on the property you are re-mortgaging.
When the date of completion for the re-mortgage has been agreed, we will contact your mortgage lender to obtain details of the redemption figure for the current mortgage.
Complete the Certificate on Title.
Notify the Land Registry of the re-mortgage as the new mortgage must be registered with them.

Contact us for help with a property re-mortgage.

Fees and the work involved

How much will this cost?

Our fees cover all of the work required to complete the re-mortgage your property, including dealing with registration at the Land Registry

Conveyancer's fees and disbursements

Legal fees £375 + VAT (currently 20% which is £75) totalling £450
Search fees ranging between £275 to £350 depending upon where your property is located (as the required searches and the cost of the same differ in each area)
HM Land Registry fee between £20 and £135 depending upon the amount you are borrowing (this assumes you are borrowing no more than £500,000)
Electronic money transfer fee £30 + VAT (currently 20% which is £6) totalling £36

The total range of our fees is £781 to £971 including VAT and disbursements.

The fee payable will depend upon the location of the property and the amount borrowed.

Our fee assumes that:

This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction.
The transaction is concluded in a timely manner and no unforeseen complication arise.
All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

In the event that any of the circumstances at (1) to (4) above apply then this may result in additional charges details of which will be supplied when we have had sight of your specific documents or as and when any of these issues arise as the transaction progresses.

Disbursements and other costs

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.

Who will deal with your case?

We have 4 members of the team who may work on your matter (together with support staff who carry out administrative roles). The Head of Department is Stuart Taphouse who will supervise the other team members.

Stuart Taphouse

Position: Director & Department Head

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A Director and head of BRM’s Residential Conveyancing Department Stuart Taphouse joined BRM Solicitors on 1 October 2013.

Stuart is a Solicitor and has practised law for over 20 years completing his training in East London before relocating to practise in Chesterfield in the 1990s.

During his career he has had various periods of undertaking litigation matters which together with his knowledge and experience in property gives him an unique insight when issues arise during conveyancing transactions.

As head of our busy Residential Team, Stuart is committed to embedding our high service standards and compliance with Law Society Conveyancing Quality Accreditation.

Outside of work Stuart likes to spend time with family and friends. He is a keen golfer, playing socially and competitively and also enjoys cycling and travel.

Matthew Elks

Position: ACILEx

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A trainee Chartered Legal Executive Matthew Elks joined BRM in 2014. He is currently undertaking both internal and external training towards becoming a Chartered Legal Executive and has successfully completed the first part of the external course.

He is supervised by Stuart Taphouse whom he assists with all conveyancing matters including sales, purchases, new builds and remortgages as part of his ongoing training.

In his spare time Matthew enjoys golf, football and socialising.

Jane Womack

Position: Licensed Conveyancer

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Jane Womack is a Licensed Conveyancer in our expanding and busy Residential Property department.

Her role at the firm involves helping clients with all aspects of conveyancing, including buying and selling property, transfers of equity and re-mortgages

Jane enjoys the high level of contact she has with all her clients throughout transactions and nothing pleases her more than the time when she says to a client "your keys to your new home are available"

Outside of work, Jane enjoys travelling, fine dining and socialising with friends and family.

Amelia Bacon

Position: Paralegal

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Amelia has been with BRM Solicitors since 2016.

She gained experience assisting the Real Estate Department for 4 years, and is now training to be a Chartered Legal Executive with ambitions to eventually qualify as a Solicitor.

As part of Amelia's current role in the Residential Property Department, she assists clients in residential property sales, purchases and other property and conveyancing related-issues.

In her spare time Amelia enjoy socialising with friends, eating out, and travel.

Stages of the matter

The precise stages involved in a residential re-mortgage can vary according to the circumstances. However generally the key stages are as set out below:

Take your instructions and give you initial advice
Check new mortgage offer
Check title to your property at Land Registry
Carry out searches
Give you advice on all documents and information received
Go through conditions of mortgage offer with you
Agree completion date
Obtain a redemption figure for your existing mortgage (if applicable)
Complete re-mortgage
Deal with application for registration at Land Registry

How long will this process take?

How long it will take for the re-mortgage to complete will depend on a number of factors.

The average process takes between 3-5 weeks.