Fees

Residential

Our team has over 200 years’ combined experience in assisting clients with all types of residential property transactions

Mortgage of a freehold residential property

Our fees cover all of the work* required to complete the mortgage of your freehold residential property, including dealing with registration at the Land Registry.

Conveyancer’s fees

Estimated Fee

VAT

Champion

Mortgage of a freehold property.

£600

£120

£720

Mortgage of a freehold property.

Estimated Fee

£600

VAT

£120

Champion

£720

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.

The usual disbursements on a mortgage are:

Search fees £450 approx (including VAT)

HM Land Registry Fee (this is based on the price paid at the time of completion of the purchase) – see the current fee scale by clicking here .

Electronic Money Transfer Fee £48 (including VAT)

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.

Here is an example of the costs involved in a new mortgage at £250,000:

Legal Fee £720 (including VAT)

Search Fees £450

HM Land Registry Fee £40

Electronic Money Transfer Fee £48 (including VAT)

Estimated total Fees and Disbursements: £1,258

How long will my mortgage take?

How long it will take for a mortgage to complete will depend on a number of factors. The average process takes between 6 and 12 weeks.

It can be quicker or slower, depending on the speed of any lenders, any freehold requirements and the speed/approach of any other parties involved in the transaction.

Stages of the process

The precise stages involved in the mortgage of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

Take your instructions and send our initial documentation to you to complete and return.

Obtain appropriate identification documents from you.

Obtain title documents from the Land Registry.

Obtain an information pack from your freeholders (if required).

Review any mortgage offer and comply with any lender requirements.

Obtain any required searches.

Draft the required Transfer and Mortgage documents.

Circulate all documents for signature by all parties.

Provide you with an itemised statement of the funds due back to you (or from you, as appropriate) on completion.

Agree a completion date and finalise the completion accordingly.

Deal with post completion formalities including repaying any existing charges and registering the transfer and/or remortgage at the Land Registry.

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 complications 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.

Fees - Mortgage of a freehold residential property

Residential Property

Department Contacts

Peter
Fitzmaurice

Solicitor & Partner

Kirsty
Sjoholm

Conveyancing Executive.

Client Testimonials

I used Borlase after being advised to call them regarding a property misrepresentation claim. Allanagh Hocking guided us expertly. Read more..

Carl

Litigation Client

“I recently sold and bought a house. Sophie Smith was great — very professional and nothing was too much trouble. I would recommend Borlase.”

Estelle

Conveyancing Client

“This review is well deserved — I’ve used many firms, some good, some poor. Hayley Cornish at Borlase responded quickly, sorted issues, was. Read more..

Ryan

Conveyancing Client

I was initially unsure about working with Neil, simply because I couldn’t find him listed on the Borlase website. Once it was confirmed he was Read more..

Phillis Bawden

Wills, Trusts and Probate Client

Neil was an absolute pleasure to deal with from start to finish. He is incredibly friendly and approachable and immediately puts you at ease… Read more..

Anonymous client

Wills, Trusts and Probate Client

There are not enough words to express how much we both appreciate everything Claire has done for us. Her support meant a great deal, and we are extremely grateful. Please also pass on our thanks to Allanagh

Anonymous client

Family Client

This was by far one of the most relieving and happy emails I’ve received. Everything was handled so efficiently, and I’m incredibly grateful for the support. I can finally move forward with confidence

Anonymous client

Family Client

It was lovely to meet Claire in person, and I just wanted to say thank you for everything she did. She made me feel completely at ease during a very stressful situation, and her support was invaluable

Anonymous client

Family Client

Residential

Fees

Mortgage of a freehold residential property

Conveyancer’s fees

Estimated Fee

VAT

Champion

Mortgage of a freehold property.

£600

£120

£720

Mortgage of a freehold property.

Estimated Fee

£600

VAT

£120

Champion

£720

Disbursements

The usual disbursements on a mortgage are:

Search fees £450 approx (including VAT)

HM Land Registry Fee (this is based on the price paid at the time of completion of the purchase) – see the current fee scale by clicking here .

Electronic Money Transfer Fee £48 (including VAT)

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.

Here is an example of the costs involved in a new mortgage at £250,000:

Legal Fee £720 (including VAT)

Search Fees £450

HM Land Registry Fee £40

Electronic Money Transfer Fee £48 (including VAT)

Estimated total Fees and Disbursements: £1,258

How long will my mortgage take?

Stages of the process

Take your instructions and send our initial documentation to you to complete and return.

Obtain appropriate identification documents from you.

Obtain title documents from the Land Registry.

Obtain an information pack from your freeholders (if required).

Review any mortgage offer and comply with any lender requirements.

Obtain any required searches.

Draft the required Transfer and Mortgage documents.

Circulate all documents for signature by all parties.

Provide you with an itemised statement of the funds due back to you (or from you, as appropriate) on completion.

Agree a completion date and finalise the completion accordingly.

Deal with post completion formalities including repaying any existing charges and registering the transfer and/or remortgage at the Land Registry.

Our fee assumes that:

Fees - Mortgage of a freehold residential property

Department Contacts

Peter Fitzmaurice

Solicitor & Partner

Kirsty Sjoholm

Conveyancing Executive.

Client Testimonials

Carl

Litigation Client

Estelle

Conveyancing Client

Ryan

Conveyancing Client

Phillis Bawden

Wills, Trusts and Probate Client

Anonymous client

Wills, Trusts and Probate Client

Anonymous client

Family Client

Anonymous client

Family Client

Anonymous client

Family Client

Flora Day

Peter
Fitzmaurice

Kirsty
Sjoholm