Remortgage Legal Fees - Help

clairebear145

We are just coming to the end of our 5yr fixed term mortgage with Brittania and are looking at the possibility of remortgaging. This is new ground for us as this was our first mortgage. Does anyone have any idea of ball park figures for legal fees involved in remortgaging for about £130k. Thanks for any help.....Claire

GMS

clairebear145 wrote: »

We are just coming to the end of our 5yr fixed term mortgage with Brittania and are looking at the possibility of remortgaging. This is new ground for us as this was our first mortgage. Does anyone have any idea of ball park figures for legal fees involved in remortgaging for about £130k. Thanks for any help.....Claire

If you stick with Britannia there should be no fees.
Other lenders will offer free legals or a cashback towards payment.
Work on around £500 for solicitors if you are paying

Do ring around though and get quotes. Make sure your quotes include all disbursements, not just legal fees.

clairebear145

Thanks for the reply.....if we chose to stay with Britannia but move to another fixed term mortgage their current arrangement fee is £995 do you know if lenders are ever flexible with this e.g. if you were thinking about moving elsewhere??

GMS

Simple answer would be no flexibility. They would add the fees to the mortgage if paying up front was the option but not waive them.

Another lender will be charging a similar fee. No fee deals tend to have higher rates.

Have you looked at other lenders or spoken to a broker?