We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Remortgage conveyancing cost

Voodooshaman2200 · 2024-06-01 12:46:31

Hi all. I’m remortgaging for the first time. Changing lenders and paying a lump to reduce the mortgage to £300,000. L&C (broker) recommended a conveyancer Premium Property Lawyers who are quoting ~£300. However, I’ve left it a little late (mortgage deal ends 2nd July) and im worried one of these cheap firms will take ages?…

Comments

lfc321 Posts: 728 Forumite

25 October 2024 at 6:20AM edited 25 October 2024 at 6:21AM

Is the new mortgage deal actually saving you £1400 over the product period (or even £300)? Is it definitely worth remortgaging to a product where you have to pay the legal costs? Sounds like a lot of expense and hassle, so it would need a very big difference in the interest rates between the new lender’s rate and a product switch with your current lender to justify it.

0