Available until 23rd June 2024
What is Legal Assist?
Our legal assist product, provided by Law firm Hennah Haywood, is here to make the process smoother and more affordable. Specifically designed for remortgage cases, our product covers some of the legal costs you'll incur during the process.
What is included?
We’ll pay the standard legal work. which covers basic legal costs including the conveyancers professional fee and standard disbursements.
Legal Assist will cover the following standard remortgage legal work:
- Investigation of title
- Report on title
- Report on charges
- Advice on redemption of charges
- Putting any new charges in places
What your customer will be charged?
Customers will be required to pay all charges and fees relating to all additional legal work that are not included in the Legal Assist package above. These typically are;
|
Description |
Fee |
Additional information |
|
TT Fee |
£35.00 |
Per transfer of funds |
|
No Search Indemnity |
£50.00 |
|
|
Office Copy Entries |
£12.00 |
|
|
OS1 Priority Search |
£3.00 |
|
|
Land Registry Fees |
£30.00* |
Varies based on property value |
|
Applicant ID Checks |
£20.00 |
Per applicant |
*example cost based on property value of £225,000
All charges above are subject to VAT at 20%. Hennah Haywood will write to the customer(s) on issuance of the mortgage offer outlining the scope of the service and any charges applicable.
What additional charges could be incurred?
In addition to the costs described above, the solicitor may also undertake further work that will incur additional cost. Examples of costs for different elements of work are listed below;
- Deed amendments
- Reviewing an amended offer
- Reviewing a change of product on offer
- Discharging a second charge
- Repayment of debt/credit
- Any special mortgage conditions
Any additional costs will be detailed in the engagement letter provided by Law firm Hennah Haywood.
Will my client qualify for Legal Assist?
To qualify for a remortgage legal fee assistance package, the property must meet the following requirements:
- Be less than £2m in value
- Have been occupied for past 12 months
- Must not require a Transfer of Equity
In addition for flats/apartments:
- The Building must be 4 storeys or less
- Must not require a lease extension