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Transfer of equity/remortgage
Mac01
Posts: 1 Newbie
Hi all,
My mortgage comes to an end at the end of this month and I am looking to get a cheaper rate. My current lender has offered me 3.49 and I have 110,000 to pay with 82% ltv.
The problem I have is that I need to transfer the mortgage into my name only - following a break up 18 months ago when I never got round to doing it! With my current lender and solicitors fees this is going to cost me £600. Would I still need to pay this if I just transfer to a new lender and take a mortgage in my name only?
Thanks for any advice
My mortgage comes to an end at the end of this month and I am looking to get a cheaper rate. My current lender has offered me 3.49 and I have 110,000 to pay with 82% ltv.
The problem I have is that I need to transfer the mortgage into my name only - following a break up 18 months ago when I never got round to doing it! With my current lender and solicitors fees this is going to cost me £600. Would I still need to pay this if I just transfer to a new lender and take a mortgage in my name only?
Thanks for any advice
0
Comments
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Probably. The transfer of equity is still chargeable, even if you get a "free legals" remortgage deal from a new lender.
It may not be as much though.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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