Remortgage - solicitor increasing fee mid-process

kamb1ng

Hi all,

I have a HtB Equity Loan property that I'm trying to remortgage at the moment switching to a new lender. The process has been going on for 2 months now because the HOP team is not very responsive and I've had to go back a few times to get the Redemption Charge to match the Mortgage Offer from the new lender.

Suddenly I am getting a notice from my solicitor that they're increasing my fee from £400 to £700 because of the length of time this is taking.

I think this is completely unfair and puts me in a difficult position where they may increase the charge at anytime in the future. It also defeats the whole purpose of remortgaging, which is to save money.

Any suggestion on how can I can resolve the situation?

Thank you.

Thrugelmir

kamb1ng wrote: »

Suddenly I am getting a notice from my solicitor that they're increasing my fee from £400 to £700 because of the length of time this is taking.

I think this is completely unfair

If there's additional work created. Then the time has to be paid for. Nothing unfair in that. I doubt that you work extra hours for your employer without getting paid for them.

Remortgaging is normally a straightforward process. Why are you having to obtain redemption figures multiple times?

kamb1ng

Because the HOP team is adamant that the approved mortgage is equal or less than the redemption figure. And both figures are actually proven to be quite difficult to match!