Re-mortgaging Costs

Re-mortgaging involves moving from one mortgage lender to a new lender. We also use that term for anybody who has a property without a mortgage (an unencumbered property) who is taking a mortgage for the first time.

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Very often re-mortgaging takes place towards the end of a term of an existing mortgage or it is used as a way of raising finance either for personal use or for further investment. Our team at BBS Law are available to provide a fast, efficient and reliable service to try and make the re-mortgage process as quick and pain free as possible. Where there are deadlines that you communicate to us, we will try and ensure that we work to those deadlines, particularly where a mortgage offer is expiring, or a current mortgage needs to be repaid.

BBS Law are on the panel of many high street lenders. You are welcome to contact us to find out if the lender you have in mind for your mortgage is one that we can act for jointly with you. Where we can act for you and your lender, our costs may end up being lower than if you required two separate solicitors.

The cost of dealing with a re-mortgage depends on various situations including whether we have an existing mortgage to redeem (or if the property is unencumbered), whether we are acting just for you with another firm of solicitors acting for the lender or whether we are able to represent you jointly. Generally speaking, our costs tend to be around 0.2% to 0.3% of the loan that you are borrowing based on the actual requirements of the lender and the individual circumstances. Our minimum fee is £750 plus VAT. If, due to unforeseen circumstances, additional work is required, we will advise you of what is required and any additional fee that may be incurred. We will advise you before we incur any additional time or cost on your behalf. When re-mortgaging you should also take into account Land Registry fees and Search costs which may also be required. Some lenders allow Search Indemnity Insurance to be used which can reduce the overall cost. Our refinancing work is undertaken by qualified solicitors and we pride ourselves on our service-led approach and attention to detail. If you do wish to obtain a quote for re-mortgage work, please contact us.

Avi and Jake, the professionalism and diligence demonstrated by the team at BBS Law have been truly remarkable. Your attention to detail and prompt responses have played a pivotal role in navigating us through this complex journey. We are immensely grateful for your outstanding service, and high standard of care and professionalism you have consistently provided.

Paul & Sinead

I just want to thank you Tanaaz and Robert for enduring with our property travails for so many years with such professionalism and good sense.

Alan and Samanthi

Worked with Avi and Matthew on many transactions and they never fail to deliver. Their service, knowledge and expertise is 2nd to none but their proactive approach sets them apart. Delighted to work with them time and time again.

Meir

We had a great experience working with Wale and Robert. Buying our flat went super smoothly and dealt with in courteous and professional way.

Yotam

I had the pleasure of working with David on some issues we had; from start to finish the experience was very good, and we got the outcome we needed as a company plus very good advice for the future. Overall a 5-star experience.

Effy

Needing a lawyer in a different country was a bit overwhelming living in the US. Gemma Barnhurst was lovely to work with. She put me at ease and provided good counsel. I am glad I was referred to BBS Law by a friend and would recommend them to anyone else needing similar services.

BBS Law Client

After appointing BBS I was introduced to Kelly and Safiyah who would be looking after my property sale. I was impressed with them every step of the way, they kept me informed, avoided some potential issues and were thoroughly professional. What I like the most was the personable way they dealt with the matter, very attentive and always on hand to move things forward. A real pleasure to deal with thank you both.

Sean

Avi, Safiyah & Kelly have dealt with a number of transactions for me over the past few years. Their attention to detail is incredible. They are a hard working team who will ensure you get the deal done without any fuss. Emails get replied to, matters get dealt with swiftly and i was kept in the loop the whole time. If you would like to get the deal done in good time and with professionalism then look no further! I would highly recommend them and look forward to doing more business with them all in the near future.

Josh

I really cannot thank you enough for all your help and support. You have been nothing short of superb and I am incredibly grateful to have found you, as I am sure I would not have got this result if I had not. It's not just your in depth grasp of the law and intelligent, systematic approach that I will never forget, but also the kindness and humanity you showed me throughout. I appreciate it more than you know.

BBS Law Client Testimonial

Having recently worked with BBS Law to successfully conclude an Intellectual Property infringement case we were extremely happy with the services they provided.

David Bondt expertly guided us through the process and mediation, providing knowledgeable, professional and commercial support at all stages – thanks again David!