Re-Mortgage of a freehold property – Fixed Fee

Our fixed fee covers all the work required to complete a re-mortgage of your property.  This will include the following key stages :-

• Taking your instructions
• Advising on and going through the Mortgage documentation
• Carrying out searches
• Advising you on joint ownership
• Arranging for the Mortgage to be signed
• Agreeing a completion date
• Carrying out pre-completion searches
• Requesting mortgage monies from your lender
• Completing the mortgage
• Dealing with registration formalities at H M Land Registry

Costs

Our charges in connection with a re-mortgage are £425.00 plus VAT*

• We also charge a fee of £10.00 plus VAT* to carry out an identity check for each borrower.

• We also charge a fee of £40.00 plus VAT* to arrange for each bank transfer of the money to repay any existing mortgage.

• For example, if you are adding or removing a party from the title an additional fee of £125.00 plus VAT* will apply.

*All charges for VAT will be charged at the current rate of 20%

Disbursements which would be payable in addition to our fee are :-

Disbursements are expenses paid on your behalf such as H M Land Registry fees and search fees.

H M Land Registry fees are based on the value of the property and can be calculated using the websites below.

• Search Indemnity from £20.00 (dependent on the property value and the new mortgage advance)
• Official Copy Entries £6.00
• Bankruptcy searches £2.00 per person
• Lenders Charge for using Electronic Portal (if applicable) £15.00 plus VAT at 20% – this is dependent upon your mortgage lender
• H M Land Registry search £3.00
• Land Registry fee – this is based on the value of the property.  For further details please visit http://landregistry.data.gov.uk/fees-calculator.html

Timescales

On average we would anticipate the re-mortgage of a residential freehold property to take between 4 to 6 weeks.

For Leasehold Property

Further Disbursements

The following additional costs and disbursements may be payable:-

• Our fees for dealing with leasehold notices and additional land registry requirements £125.00 plus VAT at 20%
• Notice of Charge fee (if the property is to be mortgaged) – this fee is set out in the Lease and is often between £60.00 – £150.00

The above disbursement can vary and can on occasion be more than the rangespecified above.  We can provide you withan accurate figure once we are in receipt of documentation.

 

Who will be acting for me?

Hedon

Lindsay Burdett – Director and Head of Conveyancing

1. Lindsay has 21 years’ experience in all aspects of conveyancing, including freehold and leasehold sales and purchases, re-mortgages and transfers of equity. 
2. Lindsay’s Supervisor is Stephanie Sadofsky, a Director at our Hull Branch with over 20 years’ experience in conveyancing and private client work, Sephanie is also a Solicitor at the firm. For more information on Stephanie, please see her profile here https://www.janebrookslaw.co.uk/about-us/meet-the-team/

Garry Roper – Licensed Conveyancer

1. Garry has 10 years’ experience in all aspects of conveyancing, including freehold and leasehold sales and purchases, re-mortgages and transfers of equity. 
2. Garry is a Licensed Conveyancer who qualified in 2021.
3. Garry’s Supervisor is Lindsay Burdett, the Head of Conveyancing at our Hedon Branch and a Director at the firm. For more information on Lindsay, please see her profile here https://www.janebrookslaw.co.uk/about-us/meet-the-team/

Diane Maughan – Conveyancing Executive

1. Diane has 34 years’ experience in all aspects of conveyancing, including freehold and leasehold sales and purchases, re-mortgages and transfers of equity. 
2. Diane has a BTEC Paralegal Diploma in Residential Conveyancing.
3. Diane’s Supervisor is Lindsay Burdett, the Head of Conveyancing at our Hedon Branch and a Director at the firm. For more information on Lindsay, please see her profile here https://www.janebrookslaw.co.uk/about-us/meet-the-team/

Cottingham

Paul Harrison- Licensed Conveyancer and Director

1. Paul has over 20 years’ experience in all aspects of conveyancing, including freehold and leasehold sales and purchases, re-mortgages and transfers of equity. 
2. Paul has experience of dealing with commercial property sales and purchases and is on hand to offer business advice in respect of the same.
3. Paul is a Licensed Conveyancer.
4. Paul’s Supervisor is Stephanie Sadofsky, a Director and Solicitor at the firm. For more information on Stephanie, please see her profile here https://www.janebrookslaw.co.uk/about-us/meet-the-team/

Natasha Ayers- Conveyancing Executive

1. Natasha has 22 years’ experience in all aspects of conveyancing, including freehold and leasehold sales and purchases, re-mortgages and transfers of equity. 
2. Natasha’s Supervisor is Stephanie Sadofsky, a Solicitor and Director at our Hull Branch. For more information on Stephanie, please see her profile here https://www.janebrookslaw.co.uk/about-us/meet-the-team/

Hull

Stephanie Sadofsky – Solicitor and Director

1. Stephanie has over 30 years’ experience in all aspects of conveyancing, including freehold and leasehold sales, leasehold purchases, re-mortgages and transfers of equity and has extensive knowledge of commercial property law.
2. Stephanie is experienced and knowledgeable in Private Client work, including: the administration of estates, will drafting, Lasting Powers of Attorney, Deputyships, Name Changes and more.
3. Stephanie has been qualified as a Solicitor for many years.
4. Stephanie’s Supervisor is Laura J Gibb, she is a Solicitor at Jane Brooks Law. For more information on Laura, please see her profile here https://www.janebrookslaw.co.uk/about-us/meet-the-team/

Rachel Watkinson-Conveyancing Executive

1. Rachel has 12 years’ experience in all aspects of conveyancing, including freehold and leasehold sales and purchases, re-mortgages and transfers of equity. 
2. Rachel is currently an Associate member of Cilex studying Land Law, Family Law and Contract Law
3. Rachel’s Supervisor is Stephanie Sadofsky, she is a Director and Solicitor at Jane Brooks Law with over 20 years’ experience in Residential and Commercial Conveyancing and Private Client work. For more information on Stephanie, please see her profile here https://www.janebrookslaw.co.uk/about-us/meet-the-team/