Is a conveyancer or solicitor needed for a remortgage?
If you remortgage with a new lender you will need a conveyancing solicitor to complete the legal work on your behalf. This includes registering your new mortgage with the Land Registry, liaising with your lender, and ensuring all legal requirements are met. If you stay with the same lender and are simply doing a product transfer you may not need a conveyancer.
Find out more about the remortgaging conveyancing process.
What is the average conveyancing fee for remortgaging a house?
Conveyancing for a remortgage costs between £300 and £500 on average for a freehold property. This includes the conveyancer’s legal fees, ID verification and searches. Costs usually also vary depending on the property’s value, and you’re likely to incur additional charges if you’re remortgaging a leasehold.
How much should remortgaging conveyancing fees cost?
When remortgaging a freehold property, you can typically expect to pay between £300 and £500 in conveyancing fees. This includes legal costs and standard disbursements such as Land Registry fees and search fees. If a quote seems unusually low, it may mean the quoted price excludes essential checks or indicates a reduced level of service - so always check what’s included.
For leasehold properties or cases where your mortgage lender has specific requirements, remortgaging fees may be higher, often ranging up to £700. This reflects the added complexity of leasehold documentation and lender-specific conditions.
When you remortgage, you should look for clear and transparent conveyancing quotes that break down the fees, so you can review and compare the costs accurately.
Can I remortgage my Help to Buy home?
Yes, you can. You should look into remortgaging around six months before your current mortgage deal comes to an end, to avoid rolling onto the standard variable rate (SVR) which usually has a higher interest rate.
Remortgaging your Help to Buy is more complicated than a standard remortgage as you’re essentially managing two loans: your mortgage and your equity loan. Because of the complexity, Help to Buy remortgage deals often have higher interest rates and fees, however, they are still usually cheaper than defaulting to the SVR, making it a worthwhile step. Find out more about remortgaging your Help to Buy.
What are the conveyancing legal fees for a buy-to-let remortgage?
Conveyancing fees for buy-to-let remortgages are usually higher than a standard residential remortgage due to the extra legal and regulatory checks involved. Legal fees typically start from around £300, however, you may also need to pay for searches, Land Registry fees, bank transfer fees and leaseholder or mortgage-related fees, if applicable.
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