Remortgage- free legal fees when using our licensed conveyancer

rh70_2

Hello all,

I am remortgaging for the first time and noticed a 'Free standard legal fees when you use our licensed conveyancer or £250 cashback' deal with the nationwide. If I am remortgaging do i need a licensed conveyancer? Any advice you can give would be great.

Crashandburn

Yes you will need one. Need to change the deeds over to the new lender and repay the existing one off.

Unless you know a good solicitor that can do it for £250 all in, I would go for the free legal option. They may treat it like a factory process but most remortgages are straight forward.

kingstreet

Are you remortgaging or are you an existing Nationwide borrower looking for a new deal from Nationwide?

If the latter, stop looking at remortgage products, as they do not apply to you and no further conveyancing is necessary.

http://www.nationwide.co.uk/mortgages/existingcustomers/overview.htm

Be careful! If you had your mortgage before 30 April 2009, you will follow on to 2.5% BMR and you may not wish to lose this!

rh70_2

Thanks for your help crashandburn.

koexelek

kingstreet wrote: »

Be careful! If you had your mortgage before 30 April 2009, you will follow on to 2.5% BMR and you may not wish to lose this!

Indeed..... Nationwide would never, ever, try to mislead a long standing client into thinking they were going on to 3.99% and not the really good 2.5% rate though, would they ?