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Lloyds Mortgage - Conveyancy Fee?
JonB1081
Posts: 66 Forumite
Apologies i posted this in the wrong section! Should have been in the mortgages section!
0
Comments
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This will be in section 8 of the offer?
Lenders have to include all the costs related to the mortgage in the offer because they are included in the calculation of the Annuitised Percentage Rate (APR). They usually point out that the figure given is a typical charge but may not that actually charged by the conveyancer.
The vast majority of solicitors do not charge this fee at all and included it in their overall conveyancing charge - but a few do.
I am answering this because I am not sure whether you will get an answer in the mortgages section - it is certainly a point that we come across asked form time to time.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
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