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Remortgage legal fees - what is typical?

Oxid8uk
Posts: 223 Forumite


I am looking to remortgage from HSBC to Nationwide. With the remortgage my ex's name will be removed from the deeds.
Nationwide offer fee legal fees (up to £500) and I know I will have to pay extra for the transfer of the deeds into my name only.
Out of curiosity I asked a local conveyancing firm for a quote to do the above - it has come in at just over £1.2k! £650 plus VAT of that is just the legal fees, the rest is disbursements and supplements.
Is this a typical amount for legal fees for a remortgage? It seems high to me.
TIA
Nationwide offer fee legal fees (up to £500) and I know I will have to pay extra for the transfer of the deeds into my name only.
Out of curiosity I asked a local conveyancing firm for a quote to do the above - it has come in at just over £1.2k! £650 plus VAT of that is just the legal fees, the rest is disbursements and supplements.
Is this a typical amount for legal fees for a remortgage? It seems high to me.
TIA
0
Comments
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It depends. If you want a solicitor to do it, that is about right.
If you go for a conveyancing firm, you can normally get it for under £500. I think the lowest our charge is £249 up to £699.
The difference in cost is pretty much in part our kick back and also the higher figures will have more firms available.
What we typically do is do £500 chashback and £299 cases for our clients. Thats because the firm that kicks in at £299 is better than the only firm which does £249 in our experience. We get (I think) £30-40, client gets £200 everyone wins.I am a Mortgage AdviserYou 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.1
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