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Shared ownership remortgaging fees L&Q
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Alextpldn
Posts: 12 Forumite

Hi,
Im looking to remortgage in the next few month, I own a 60% share of a property with L&Q.
Having done some research and received some information from L&Q. They have told me there are some fees which are due to them, which seems ridiculous to me.
£130 - aproval of remortgage
£204 - notice of transfer and charge
Does anyone know if would have to pay these fees or if there would be a way around it?
Any help is greatly appreciated!
Im looking to remortgage in the next few month, I own a 60% share of a property with L&Q.
Having done some research and received some information from L&Q. They have told me there are some fees which are due to them, which seems ridiculous to me.
£130 - aproval of remortgage
£204 - notice of transfer and charge
Does anyone know if would have to pay these fees or if there would be a way around it?
Any help is greatly appreciated!
0
Comments
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There's a lot of work involved with Shared Ownership, so those fees don't surprise me too much. Everything involving S/O seems to cost more.
The biggest potential issue is if the Housing Association don't accept the lenders valuation - in which case, they'd insist on their own. Which, of course, you have to pay for!!0
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