Our fees cover all of the work required to complete any remortgages. Legal fees are the charges that Rawlins Davy make for our time spent on the matter and are calculated according to the value of the property. 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. Our scale of fees is set out below and is followed a worked example to help you to understand what the total cost to you may be.
Conveyancer’s fees and disbursements
Legal fees are calculated according to the value of the property.
|Up to £150,000||£500 plus VAT||Total £600|
|£150,001 to £300,000||£650 plus VAT||Total £780|
|£300,001 to £500,000||£650 plus VAT||Total £780|
|£500,001 to £750,000||£750 plus VAT||Total £900|
|£750,001 to £1 million||£900 plus VAT||Total £1080|
|In excess of £1 million||0.1% of loan value plus VAT at 20%|
|Electronic money transfer fee £30 plus VAT||Total £36|
|HM Land Registry fee||This is usually between £20 and £455 according to the value of the property|
|Office Copy Entries||£15|
|Pre-completion search fees unlikely to exceed £10.00|
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.
Should one or more of the above arise we reserve the right to vary our fee from the scales above, but we will always seek your approval of any variation before additional fees are incurred.
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