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Paying twice?
gio3356
Posts: 1 Newbie
I am currently arranging a mortgage to buy out my sister's half of the property we inherited when our mother died. My broker's offer includes conveyancing fees of £950. At the same time I have received an e-mail from my solicitor quoting a fee of the same amount for "remortgaging and equity transfer". My question is: what's the difference and could I be paying twice for the same thing? There is currently no mortgage on the property and indeed there hasn't been for almost 27 years so I have my doubts about the "remortgage" part.
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Comments
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speak to your brokerI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
It's still a remortgage - of an unencumbered property. I presume your broker has merely told you the cost of the legal work for the remortgage and the TofE?
Does he know your solicitor? I often get quotes for people and tell them what the costs will be.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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