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Solicitor's stuff about a mortgage.
Hoof_Hearted
Posts: 2,362 Forumite
We had no mortgage but took out a mortgage for an extension. How much should the legal stuff cost? I feel a bit ripped off, but may be wrong.
Je suis sabot...
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Comments
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A wild guess...... £200?0
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A remortgage of an unencumbered property?
Is it freehold or leasehold and is it registered land?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Not much less than if you were to purchase the property, the solicitor is also acting for the mortgage company so all checks would need doing.0
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It's freehold and registered with the land reg. The total bill came to more than £600 with bits and bobs. £395 for the fees themselves.Je suis sabot...0
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Sounds about right - £395 for the actual costs (presumably plus VAT) and the remainder for various search fees and Land Registry fees as these will generally need to be done to satisfy the mortgage lender.0
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I agree. That sounds about right.
As there's no existing mortgage, you can't take advantage of many remortgage products offering free legals.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thank you all. It just seemed a lot to me.Je suis sabot...0
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