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bank fees for lease extension
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bubsy
Posts: 1 Newbie
Hi,
Does anyone know if we need to pay the mortgage lenders solicitors fees when extending a lease?
I am extending my flat lease and i am having to pay the freeholders solicitors fees, plus my onw. Now the bank, is also saying I have to pay their solicitors fees to just look at the new lease! in addition to an administration fees!
A rip off as i am stuck with 3 solicitors fees! why should we pay so much fees to these banks!
shameful bank is Heritable bank...
any information and guidance is appreciated.
thanks
Bubsy
Does anyone know if we need to pay the mortgage lenders solicitors fees when extending a lease?
I am extending my flat lease and i am having to pay the freeholders solicitors fees, plus my onw. Now the bank, is also saying I have to pay their solicitors fees to just look at the new lease! in addition to an administration fees!
A rip off as i am stuck with 3 solicitors fees! why should we pay so much fees to these banks!
shameful bank is Heritable bank...
any information and guidance is appreciated.
thanks
Bubsy
0
Comments
-
Sorry - but yes, as the mortgagee holds 1st charge, they must ensure that the lease extension has been executed correctly to protect their suriety. So unavoidable I'm afraid.
H0
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