New Mortgage

The fees cover all of the work required to complete a new mortgage on your home, including registration at the Land Registry.

A new mortgage is where you have applied to a lender for a mortgage and do not already have a mortgage on your property.

Our fees for a new mortgage on a freehold property are £500 and VAT of £100, making £600 plus disbursements.

Our fees for a new mortgage on a leasehold property are £650 and VAT of £130, making £780 plus disbursements.

Example Costs

New Mortgage of £100,000

Our Fee500
Bank Charges30
Land Registry (Estimated)40
Searches (Estimated)380


Additional fees, payable to a third party, handled by us.

Standard Disbursements are:

These fees vary from property to property. Contact us to get an accurate figure.

Here are some frequently asked questions

How long will my property purchase take?

How long it will take from when you receive your mortgage offer until you receive the loan money will depend on a number of factors. The average process takes between 3-6 weeks. It can be quicker or slower, depending on the lender’s requirements.

What does the fee assume?

Our fee assumes that:

  1. This is a standard transaction and that no unforeseen issues 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.
  2. The transaction is concluded in a timely manner and no unforeseen complications arise.
  3. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
  4. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

What is the process?

The precise stages involved in the new mortgage of a residential property vary according to the circumstances. However, below, we have set out some of the key stages:

  • Take your instructions and give you initial advice
  • Receive and advise on mortgage documents
  • Carry out searches
  • Go through the conditions of the mortgage offer with you
  • See you to sign the mortgage documents
  • Obtain pre-completion searches
  • Arrange for all monies needed to be received from lender and you
  • Complete the new mortgage and send the advance money to you
  • Deal with application for registration at Land Registry