REMORTGAGING TO HSBC UK – FEES YOU MAY NEED TO PAY
HSBC UK Paid Fees
HSBC will pay the standard legal costs for customers moving their residential mortgage to HSBC from another lender, subject to the remortgage legal work being completed in all cases by LMS.
Standard Legal Fees are:
· Land Registry search fees
· Land Registry registration fees (excluding first registrations where only the first £40 is paid by the Bank)
· One Telegraphic transfer fee
· Electronic Identity Checks
Additional Charges – payable by the Customer:
In addition to the above legal fees, where third party costs (disbursements) are payable, those are to be paid by the customer. Additional fees may be charged for additional work and services over and above the legal work in a fees assisted remortgage conveyancing case.
The following charges are examples of the most common additional fees and can be made to the customer at the rates set out below:
| Additional Work | Additional Fee (excluding VAT) |
|---|---|
| Estate Rent Charges – England & Wales only Reviewing the estate rent charge instrument and dealing with the Deed of Variation (DoV) if required | £195 plus VAT Customers are also responsible for paying any fees charged by the estate rent charge owner and / or their legal representation to agree the DoV, if required. |
| Removal of third and subsequent charge – per charge Including where dealing with Private Charge Holder | £30.00 |
| Help to Buy (HTB) Equity Loans, removal of 2nd charge and additional work to deal with settlement of the loan. | £75.00 |
| Shared Ownership Leases – only where an additional share is being purchased Note: Fee does not apply to Shared Ownership Scheme like for like remortgages Note: England & Wales only | £195.00 plus disbursements |
| Shared Ownership Leases – only where a final share is being purchased (inclusive of Transfer of Title fee and SDLT Administration fee) | Simple Transaction, where there is one lease or sub lease to be transferred to the Customer or demised Example of a Simple transaction: House – Freehold in name of housing association, lease to borrower. On purchase of the final share the lease will be terminated, and the freehold is transferred to the borrower in its entirety. The borrower then becomes the freehold owner of the property. Flat – Freehold in name of landlord, head lease to housing association, sub-lease to borrower. On purchase of the final share the sub-lease will be terminated, and the head lease is transferred to the borrower. The borrower then becomes the owner of the leasehold title directly under the freeholder Simple Transaction, where there is one lease or sub lease to be transferred to the Customer or demised Example of a Simple transaction: House – Freehold in name of housing association, lease to borrower. On purchase of the final share the lease will be terminated, and the freehold is transferred to the borrower in its entirety. The borrower then becomes the freehold owner of the property. Flat – Freehold in name of landlord, head lease to housing association, sub-lease to borrower. On purchase of the final share the sub-lease will be terminated, and the head lease is transferred to the borrower. The borrower then becomes the owner of the leasehold title directly under the freeholder Base legal fee: Northern Ireland - £390 plus VAT England & Wales - £425 plus VAT Scotland - £465 plus VAT Plus, all Housing Association costs Plus, No Local Authority Search’ indemnity insurance Complex Transaction, where there is more than one lease or sub lease to be transferred to the Customer or demised and / or a new title needs to be created Base fee: Northern Ireland - £390 plus VAT England & Wales - £425 plus VAT Scotland - £465 plus VAT Plus, extra lease check £95 plus VAT (dealing with the 2nd or any further leases, fee per lease) Plus, First registration of new lease (if applicable) £95 plus VAT Plus, all Housing Association costs Plus, No Local Authority Search’ indemnity insurance |
| Leasehold supplement England & Wales, Northern Ireland only: For reviewing the existing lease and terms to ensure it meets bank requirements. Northern Ireland: The fee is only applicable where: 1. The property is a flat 2. There is a management company looking after communal areas 3. The property has a lease with NIHE and there are less than 100 years remaining on the term Note: FastTrack and non-FastTrack cases | £95.00 |
| Telegraphic Transfer Fee: For distribution of Mortgage Advance only: Surplus Home Loan funds to customer To settle any loan secured by a second charge including HTB Equity Loans Consideration monies to outgoing party/ies To send funds to any other nominated 3rd party where time is of the essence | £25.54 per transfer Note: where the transfer value is less than £500.00, the customer should be offered BACs as an alternative to a TT CHAPs payment. (The customer has the option to select payment by TT where the value is less than £500 and will be charged the agreed rate). Funds sent via BACS will take 3 working days to credit an account. |
| Independent Legal Advice - Purpose of the Lending | £94.00 plus VAT Charge for explaining to a customer that Independent Legal Advice (ILA) is required by HSBC in relation to the purpose of the lending and liaising with the solicitor/licensed conveyancer providing Independent Legal Advice (ILA) to obtain the Certificate of Execution for ILA e.g. Customer is not benefiting from the mortgage funds. Customers are also responsible for paying the fees for their nominated ILA provider. |
| Liaising with a nominated 3rd party e.g., Customer’s solicitor for an onward purchase. Note: this fee is in addition to any Telegraphic Transfer Fee for sending the funds to the nominated 3rd party. | £40.00 |
| First registration at Land Registry – Legal fee and Disbursements | £95.00 All disbursements above £40.00 |
| Administration fee - Stamp Duty Land Tax in England and in Northern Ireland (SDLT); or Administration fee - Land Transaction Tax in Wales (LTT); or Administration fee - Land and Buildings Transaction Tax (L&BTT) in Scotland In relation to Transfer of Equity or Purchase of a further / final share transactions. This fee is for completing and submitting the relevant return including making any payment due. | £75.00 |
| Islamic finance: removal of existing leasehold title specific to the finance | £195.00 |
| Buy to Let: Drafting the - Assured Shorthold Tenancy agreement in England, - Standard Contract in Wales, - Non-Rent Controlled Tenancy in Northern Ireland, - Private Residential Tenancy in Scotland | £95.00 |
| Obtaining and verifying Identification on a customer based overseas – per customer | £25.00 |
| Declaration of Trust Note: the Panel Firm may only act for the customer in preparing a Declaration of Trust if the customer has also instructed the firm to complete a Transfer of Title. The Declaration of Trust must be approved by HSBC before the Certificate of Title is submitted to HSBC. | £195.00 |
| Lease extension – approving and registering a lease extension or deed of variation. Note: the customer is to instruct own solicitor to negotiate and draft the lease extension | £250.00 |
| Name Change Fee | £10.00 |
| Removing or satisfying a restriction | £150.00 |
| Satisfying an Anti-Fraud Restriction. Note: customer to appoint their own legal representation to witness the mortgage deed being signed and provide the required certification | £75.00 |
| Land Registry Amendments or Corrections: - registration address; - Name (on marriage or deed poll change) - Verifying the customers name or address to Land Registry - Correspondence address for Buy to Let cases | England & Wales, Scotland: £10.00 plus VAT per change Northern Ireland: £25.00 plus VAT per change plus disbursements |
| Additional searches, office copies, plans | Variable third-party costs only |
| Transfer of Title/Equity Legal Fee Note: the Panel Firm shall continue to process instructions where it has been established that the customer requires a transfer of equity at the same time as the remortgage. This is on the understanding that the customers have not been unduly influenced and are provided with independent legal advice. | £245.00 plus disbursements |
| Transfer of Equity: Bankruptcy Searches | Cost per customer in accordance with Land Registry fee scales |
| Transfer of Equity: electronic identification check | £2.54 |
| Return of pre-registration documents to the Customer The Panel Firm shall provide the choice to the customer of sending pre-registration documents by Royal Mail Special Delivery but make it clear that the customer will be charged for this. Where the customer does not require or agree to dispatch by Royal Mail Special Delivery, the Panel Firm shall send out the pre-registration documents by Royal Mail 1st class at no charge to HSBC or the customer. | Sent Royal Mail Special Delivery - £10.00 Sent Royal Mail first class post - No Charge |
| Consent to charge Where 3rd party consent is required, other than an adult occupier, this fee will apply. | £130.00 |
| Deed of Postponement including Right to Buy discount postponement | £195.00 |
| Landlord/Management Companies | Any notice fee payable to the landlord/management company in accordance with the terms of the lease/ transfer |
| Checking and approving an existing solar panel lease | £90.00 |
| Indemnity Insurance | Cost for the insurance policy only. No fee to be charged for arranging the policy. |
There may be some situations where, to protect HSBC’s interest, an indemnity insurance policy will be required. Some examples include, transaction at undervalue when the title is being transferred to someone at less than the market value, good leasehold, and gifted money from a third party. The law firm will contact you separately to confirm whether this is needed and the amount payable.
Where a Customer has appointed their own law firm to carry out additional legal work you must review this work to ensure that it meets HSBC’s requirements as set out in the UK Finance Mortgage Lenders’ Handbook. The Customer is responsible for your additional fee as set out below:
Re-mortgage/Unencumbered Separate Representation (Additional Legal Work) Fees:
| Customer Requirement | Customer Solicitor | HSBC UK Requirement | Customer Pays (excl. VAT) |
|---|---|---|---|
| Remortgage and Transfer of Title - customer solicitor acting for the Transfer of Title | Y | To act for the Bank in relation to the Transfer of Title and the remortgage. Consideration monies to be sent directly to the outgoing party/s’ solicitor. Issue instructions to the customers solicitor with regard to Bank requirements | £245.00 |
| Internal remortgage and Transfer of Title - customer solicitor acting for the Transfer of Title | Y | To act for the Bank in relation to the Transfer of Title and the remortgage from HSBC. Consideration monies to be sent directly to the outgoing party/s’ solicitor. Issue instructions to the customers solicitor with regard to Bank requirements. | £245.00 |
| Unencumbered HL - customer is registered as the property owner but no other charges are registered and/or repaying unsecured lending | To act for the Bank concluding in the registration of our charge. | £25.54 | |
| Further Advance - Standalone HL to repay 2nd Charge to another financial institution | To act for the Bank. Repay the previous Lender | £30.00 | |
| Further Advance - Standalone HL to repay personal 2nd Charge (non-financial institution) | To act for the Bank. Repay the personal charge. | £30.00 | |
| Further Advance where one of the owners is deceased and probate has not been granted - property is held as tenants in common - customer requires a solicitor | Y | To act for the Bank. Issuing instructions to the borrowers solicitor, checking security and registration of new charge | £100.00 +POA |
| Purchase of an additional/final share of a Shared Ownership Property - no change to existing HBUK lending | To act for the Bank checking the shared ownership lease, taking and registering a new charge. | Further Share £195 Final Share: Northern Ireland - £390 plus VAT England & Wales - £425 plus VAT Scotland - £465 plus VAT Plus, Land Registration fee | |
| Purchase of an additional share of a Shared Ownership Property - remortgage of HBUK lending | To act for the Bank checking the shared ownership lease and taking a new charge where applicable, repaying HSBC original lending where applicable. | Further Share £195 Final Share: Northern Ireland - £390 plus VAT England & Wales - £425 plus VAT Scotland - £465 plus VAT Plus, Land Registration fee | |
| Purchase of an additional share of a Shared Ownership Property - remortgage from another lender | To act for the Bank checking the shared ownership lease and taking a new charge where applicable, repaying the previous lender and proceeding to registration of the charge. | Further Share £195 Final Share: Northern Ireland - £390 plus VAT England & Wales - £425 plus VAT Scotland - £465 plus VAT Plus, Land Registration fee |
January 2026