Our costs – Mortgages

What does our service include?

What does our service include?

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

The precise stages involved in the mortgage or re-mortgage of a residential property vary according to the circumstances. For example, our service typically includes:

  • Take your instructions and giving you initial advice
  • Obtain the current outstanding figure of your current mortgage
  • Checking the title on behalf of your new lender
  • Receive and review your new mortgage offer
  • Report to you on the content of the offer and send you the mortgage deed for signing
  • Arrange for all monies needed to be received from the new lender
  • Complete the mortgage or re-mortgage
  • Deal with the application to register the new charge at the Land Registry

 

How long will your Mortgage work take to complete?

The average work takes between 4 and 6 weeks. This assumes you can able to promptly provide all required information. It is important to note this may infrequently be elongated by your lender.

 

Who will act on your behalf?

Your matter will be undertaken by a member of our Residential Conveyancing team. You can view their profile pages by visiting Meet the Team page. We welcome your request for a specific member of the Residential Conveyancing team to act on your behalf but please note this may not always be possible i.e. we may decide another Solicitor has more appropriate skills for your matter.

 

How will my matter be supervised?

All our Residential Conveyancing matters are supervised by Karmen Waldron who is our Residential Conveyancing Director. View Karmen’s profile page.

 

How much will we charge you?

We will charge you a fixed fee as outlined below:

 

Our Legal Fees

Our fee for a:

Mortgage (adding a first Mortgage to a property) or Remortgage (changing lender)  Our total fee inc. VAT:  £500 to £600 Total ex. VAT: £416.66 to £500

 

You will also be required to pay fees for the following:

ID administration fee, if you are not already an existing client  Our total fee inc. VAT:  £12 Total ex. VAT: £10

Bank Transfer fee for a same day payment using CHAPs  Our total fee inc. VAT:  £48 Total ex. VAT: £40

 

Additional fees may be charged if your matter involves:

A Transfer of Ownership (putting the property into different names of ownership)  Our total fee inc. VAT:  £250 Total ex. VAT: £208.33

 

What will we pay to third parties on your behalf?

In the majority of mortgage matters we expect to pay between £5 to £20 on your behalf to third parties. It is important you note we do not make any money from these payments.

 

What happens if your matter becomes abortive?

We charge all clients an abortive fee dependent on the percentage of the work we have completed (i.e. we will charge 75% of the fee if we have completed 75% of the work) plus any third party payments incurred on your behalf.

Meet the WSP team

Meet the team

Sarah Ely Residential Conveyancer Gloucester

Sarah Ely

Conveyancer

Gloucester Office

Jessica Inkpen Conveyancer Stroud

Jessica Inkpen

Conveyancer

Stroud Office

Lucy McCallum Residential Property Associate Solicitor Stroud

Lucy McCallum

Associate Solicitor | Deputy Head of Residential Conveyancing

Stroud Office

Sue Taylor, Associate Conveyancer and Conveyancing Manager at WSP Solicitors Stroud

Sue Taylor

Associate Conveyancing Manager

Stroud Office

Karmen Waldron Residential Conveyancing Director Gloucester

Karmen Waldron

Director | Head of Residential Conveyancing

Gloucester Office

Amanda Ward, Dursley Conveyancer at WSP Solicitors

Amanda Ward

Conveyancer

Dursley Office

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