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"Acting for Lender" Fee from Seller's Solicitor

Mody123
Mody123 Posts: 19 Forumite
Third Anniversary 10 Posts
in House buying, renting & selling
Hi,

I am selling my property and my solicitor has asked me for an "Acting for Lender" fee of £120. Since I am selling and there is no lender, is he mistaken? Or am I?

Comments

  • Mody123
    Mody123 Posts: 19 Forumite
    Third Anniversary 10 Posts
    P.s. (The buyer is getting a mortgage)
  • user1977
    user1977 Posts: 17,046 Forumite
    10,000 Posts Sixth Anniversary Photogenic Name Dropper
    edited 7 September 2021 at 6:47AM
    Strictly speaking I would say they're mistaken - unless something unusual is going on, they're not acting for the lender in a sale. They do however have to deal with redemption of your mortgage etc so in theory it's not unreasonable for them to charge you more than they would for selling a mortgage-free property, given there's more work involved. Your buyer's mortgage is irrelevant.
  • Mody123
    Mody123 Posts: 19 Forumite
    Third Anniversary 10 Posts
    Our mortgage has been paid off, the property is freehold. I have the paperwork showing this. Would the fee still apply in this case?
  • user1977
    user1977 Posts: 17,046 Forumite
    10,000 Posts Sixth Anniversary Photogenic Name Dropper
    Mody123 said:
    Our mortgage has been paid off, the property is freehold. I have the paperwork showing this. Would the fee still apply in this case?
    It shouldn't, no. Do your solicitors know that yet?
  • Mody123
    Mody123 Posts: 19 Forumite
    Third Anniversary 10 Posts
    I will get right onto it with them. Thanks for clarifying.
  • canaldumidi
    canaldumidi Posts: 3,511 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Solicitor's mistake.
    Have they actually billed you for this, or is this from a list of their charges provided upfront? Probably this is what they would charge at the end if they did have to act for  lender.
    But not very impressive/helpful quote...!
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    good job you checked the invoice for this, some people would overlook this. If no lender involved query and get it taken off
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • NameUnavailable
    NameUnavailable Posts: 3,030 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    As said what have you seen with this on? Is it an estimate of charges or a final invoice?
  • Mody123
    Mody123 Posts: 19 Forumite
    Third Anniversary 10 Posts
    It was on the estimate. They have no taken it off and reissued the estimate. Thanks all!
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