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We split our work so that specialist people work on various areas of the transaction, as well as people who are used to working alongside particular lenders. Our Onboarding team will be the first people you encounter and they will be introduced to you at the outset. The advice on the matter will always be supervised by a specialist lending solicitor.
The stages involved in your re-mortgage vary according to the circumstances. However, below are some key stages to your re-mortgage that may take place:
The stages involved in the purchase of a residential property vary according to the circumstances. However, below are some key stages to your purchase that may take place:
Partner and Head of Lending
“I had a positive experience with Julian Sampson from TWM Guilford office. He was responsive and always helpful in his advice, both legal and practical.”
Lending client – Google Review, January 2021
Please click here to view details of our Lending Fee Tables.
How long it will take to complete your transaction will depend on a number of factors. The average process takes between 4-8 weeks for a remortgage, and 16-20 weeks for a purchase (this department does not handle sales). It can be quicker or slower depending on the requirements of the seller, chain, lender and the complexity of the matter.
In the interests of price transparency, we will give you a fixed estimate of costs for conveyancing the outset of the transaction. The fee tables for each of our lender clients are available here.
Where your lender is not shown, then our standard Residential Conveyancing fee scales apply. These can be found here.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees in respect of title information or in respect of obtaining other information needed to provide to the new lender, searches and bank transfer fees. We handle the payment of the disbursements on your behalf to ensure a smoother process but may require money to be paid to us in advance from you in order to do so.
Land Registry
The Land Registry application fees vary according to the value of the property. The Land Registry website provides registration fees information at www.gov.uk/topic/land-registration/data. We will advise you what your registration fee is based on your purchase price.
Stamp Duty
The amount payable to HMRC will vary according to the purchase price of your property, who is buying the property and whether you own property already. We will advise you what your tax due is based on your purchase price and other circumstances. There is also a SDLT calculator available on the HMRC website: www.tax.service.gov.uk/calculate-stamp-duty-land-tax
Sometimes, additional work is required that cannot be known at the outset. For example, if a lease extension is required, if alterations have been made to the property without the necessary consents, if parties do not have the necessary paperwork or funding, if indemnity insurance is required. This will impact on the time spent and overall cost. If this is the case, we will let you know as soon as we become aware of it.
We will add VAT to our fees at the rate in force at the date of our invoices (at the current rate of 20%).
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