Remortgaging - Solicitors /Conveyancing Fees

Thrugelmir

Then there's the release fee on the existing mortgage.

The costs soon mount up. So you need to calculate them fully.

coffee_king

What does TSF mean please?
Also there is no release fee on the existing mortgage as its about to expire.

lemontart

Some lenders have offers when you do this , I have just done it through nationwide and the deal was 99 for solicitors fees all in which was pretty good , though can be further charges

Thrugelmir

coffee_king wrote: »

Also there is no release fee on the existing mortgage as its about to expire.

There'll be a fee if you redeem your mortgage and move lenders.

All that's expiring is your mortgage product.

So the charge won't be levied if you remain in place.

sockpuppet

fee free = free valuation
fee free = free basic conveyancing (as Holly said, if any issues crop up then and fee for this will be payable by you)

Halifax will give you a settlement figure if you request one and this will include the £245 set up fee that will be added to the final figure if you remortgage away from them (unless you opted to pay it up front when your mortgage with them initially completed - most people dont do this, and leave it to be added at the end)

holly_hobby

coffee_king wrote: »

What does TSF mean please?
Also there is no release fee on the existing mortgage as its about to expire.

TSF = transfer

Your mortgage product is expiring not your mortgage itself (unless of course it has come to its term end ie 25 yrs or whatever you selected).

Your mortgage product ending means that there won't be any early redemption penalites, but this fee is separate to a mortgage exit admin fee (MEAF), which most lenders charge when you leave them (regardless of any additional early repayment fees relating to any product held at the time).

From your posts, I do think it would be beneficial for you to sit with a broker to assist you on this, rather than you try and manage this yourself .

H