No charge for most remortgages
If you’re moving your mortgage to Skipton, but not moving home then you won’t have to pay anything for the legal fees involved. In other words, it’s free to you as we pay for the legal costs! Please be aware that legal work relating to some matters and not usually involved in a remortgage is not included in the free offer e.g. Transfers of Equity. The solicitors offer fixed prices for certain additional work.
If you have owned an unencumbered property for 10 years or more and would like to
use our Home Conveyancing service there may be transactional charges incurred. Please
document this on the application form, so the Home Conveyancer can be informed at
the initial underwriting stage.
Some payments to third parties may still have to be paid. Please read notes 1 and 2 for a fuller explanation. If the property value is above £500,000 additional fees may be payable.
Guaranteed fixed price for sales or purchases
If you are moving house, using a Skipton Home Conveyancing Service solicitor they will deal with your particular needs without running a legal meter –so you only pay a fixed price dependent upon the property value.
The costs are as follows –
| £1 - £50,000 |
£280 |
| £50,001 - £100,000 |
£350 |
| £100,001 - £150,000 |
£410 |
| £150,001 - £200,000 |
£425 |
| £200,001 - £300,000 |
£450 |
| £300,001 - £500,000 |
£575 |
| Above £500,001 |
by negotiation |
If there is a Sale and Purchase, two fees need to be applied according to property values.
In addition several supplements should be applied;
For purchases only add £75 for dealing with the mortgage.
For sales only add £40 if there is an existing mortgage to repay.
(both above supplements apply if there is a sale AND purchase)
For leasehold flats add £125.
For Buy-to-Lets add £100.
All costs are exclusive of VAT and disbursements
(ie third party payments)
Example of Conveyancing Service costs.
House sale (freehold) value £90,000
New house purchase (freehold) value £150,000
Fees applicable
Scale fee Purchase (Based on £150k) £410
Supplement Purchase £75
Scale fee Sale (Based on 90k) £350
Supplement Sale £40
Total = £875 + VAT and disbursements
No time wasting visits
You won’t have to waste any holiday time or lunch hours visiting your solicitor, as they’ll keep in touch with you by phone and post. What’s more, they’re only ever a phone call away should you have any questions.
No completion, no charge!
If at any time your transaction falls through, then you won’t have to pay any legal fees.
(Some payments to third parties or which relate to matters not usually involved in a re-mortgage or purchase may still have to be paid. Please read notes 1, 2 and 3 for a fuller explanation.)
Your legal adviser
For your peace of mind, a panel of experienced and respected firms take part in the Skipton Home Conveyancing Service. Your Skipton adviser will let you know which one will act for you.
The panel consists of:
Blacks (Leeds)
McKeags (Newcastle)
Conveyancing Direct Property Lawyers (St. Leonards-On-Sea)
Find out more
To take advantage of the Skipton Home Conveyancing Service for sales and purchases all you have to do is visit your local Skipton branch or call 08457 171777*.
Remember, if you decide to take advantage of this service, you should notify Skipton before passing any of our solicitor details to your estate agent or financial adviser. This will enable us to ensure you receive the full benefit of this service, by ensuring all the correct contact details are given at the start.
Important Notes
The Skipton Home Conveyancing Service is only available where you choose to jointly instruct the Society’s recommended solicitor, as these fees have been specially negotiated with them.
The remortgage work is undertaken by the solicitors on a ‘reduced title check’ basis which the Skipton considers is sufficient to assess its security. If for any reason you wish the solicitors to carry out a full title check on your behalf they can do so but any additional fees involved are payable by you.
We comply with the Solicitor’s Introduction and Referral Code published by the Law Society and any solicitor to whom we may refer you is an independent professional from whom you will receive impartial and confidential advice. You are free to choose another solicitor but the fees quoted for the Skipton Home Conveyancing Service will not apply. Skipton charges an administration fee on sales and purchases of which 10% of the costs plus VAT is paid to Skipton by the solicitors.
- Free legal fees for remortgages refers to the Society’s legal fees and disbursements in connection with the taking of a mortgage which are usually payable by the borrower. Any fees or disbursements incurred which do not relate to the mortgage e.g. first registration of title, correction of title defects, dealing with any legal or beneficial interests (other than granting a mortgage) are payable by you e.g. transfers of equity. If you are aware that any of these may apply, please ask your adviser to ask your solicitor for details of fees which may apply. The solicitor may not be able to give definite cost figures without examining the legal title.
- Any fees payable to an existing lender (e.g. deeds production fees or early repayment charges) are payable by you. If you have a leasehold property and a fee has to be paid to a management company or landlord for information, then this will be payable by you.
- In addition to the fixed fees on sales and purchases, there will be disbursements (payments to third parties) payable by you such as search fees, stamp duty land tax, land registry fees or where a leasehold property is involved, payments to a management company or landlord for information. There may be some matters which fall outside the scope of a normal sale and/or purchase. Your solicitor will advise you of all costs that apply to your individual situation at the appropriate time and will advise you of any payments required from you in advance.
- Please note that these fees will only apply up to a maximum property value of £500,000 for a sale or a purchase. Above this we will ask the solicitors to provide a quote. On a remortgage if the property value is above £500,000 some additional fees may be payable by you.
- A £25 CHAPS fee will be payable, and product fees may be payable.
Remember, if you decide to take advantage of the sale or purchase service, you should notify Skipton before passing any of the solicitor details to your estate agent. This will enable us to ensure you receive the full benefit of this service.