Nationwide's free standard legal fees

quantumleap

Does anyone have any experience of Nationwides free standard legal fees. I'm deciding between 2 products with 2 different lenders. One product has a rate of 3.19 over 5 years with £500 cash back but doesn't include free legals. The Nationwide product is 3.04 over 5 years with "free standard legal fees".

The £500 cashback will be more than enough to cover my solicitors legal fees but if the Nationwide product does cover my fees then it saves me about £300 over the 5 year term due to the better rate.

It is just a standard remortgage - nothing unusal - no changes.

Thoughts?

amnblog

The free legal fees service is designed for the standard situation.


Service is likely to be slow as with all 'free legals' offers.

stator

Nationwide offer £250 cashback as an alternative to free legals. Use that as the basis for your comparison.
Pick your own conveyencer from a local recommendation. We hear bad stories about people who go with a low cost conveyencer like nationwide would appoint. Plus their 'free legal fees' doesn't cover everything, it doesn't include disbursements or stamp duty forms etc.

quantumleap

Thanks folks, much appreciated.

The progressive BS (Northern Ireland) offer £500 cashback which I know is more than enough to cover my own solicitor doing the legal work - with a little left over. The Nationwide rate is slightly better in that it would save me £5 per month (over 5 year, £300). It also has "free standard legal fees". So I've been trying to decide which I'm better going with!!

Thrugelmir

Is your propery leasehold, i.e. a flat. As this will incur additional costs not covered by the offer.

quantumleap

Thrugelmir wrote: »

Is your propery leasehold, i.e. a flat. As this will incur additional costs not covered by the offer.

No, standard chalet bungalow. Should be a basic remortgage - no changes on anything, just moving to new provider.