Natwest mortgage pay solicitor fees

mattdragon2

I will be getting a mortgage with natwest. One of the people on the phone said you can include the solicitor fees in the mortgage.

I spoke to a solicitor who said I still have to pay them the solicitor fees, so how does natwest pay your solicitor fees? Do they just put that money into your current account on exchange date?

I did call natwest and asked but the person who I spoke to was new and didn't know and asked to call back a later date.

ShALLaX

If this is possible, the money they advance to you for the purchase of the property goes straight to your solicitor's bank account, they then pay this on to the vendor's solicitor. I presume before this point, they will deduct their fee from the sum received from your lender.

dawyldthing

if it is added though it will probably bump your monthly cost and also cost you more in interest in the long run, so if can be avoided i would try and avoid it

kingstreet

Why not simply reduce your deposit slightly, provided you are not against the LTV maximum for the product?