Question regarding a Transfer of Equity - help !!!

paulb369uk

I am currently in the process or remortgaging but need to do a ToE from a joint mortgage to a single mortgage, FD have said if it was a straight forward remortgage the sols fees would be paid but as it is a ToE as well, it had to be treated as a new mortgege which is going to cost me £500 :eek: in sols fees.

My question is can I do the ToE on my current mortgage thus making the new mortgage a straight forward remortgage (if u know what I mean). If this can be done how long would it take to do?

Any help appreciated.

Thanks

paulb369uk

Anyone please?

homer_j_3

You probably could but the costs would still be hundreds of £.

paulb369uk

homer_j wrote: »

You probably could but the costs would still be hundreds of £.

Spoke to sols to get some prices and I can get a ToE done for £160 I am planning to call NR today to see if they will also charge me anything for doing this, any ideas if they will?

homer_j_3

The cost according to their latest tariff of charges is £175 if accepted and £95 if declined.

So if you can get accepted it will be £335 for it.

paulb369uk

homer_j wrote: »

The cost according to their latest tariff of charges is £175 if accepted and £95 if declined.

So if you can get accepted it will be £335 for it.

Thanks homer_j spoken to NR who said it would be £250 for the changes and the Sols have said it would be £160 ToE + £50 Land Registry, think I will be better off just paying the £500 and doing it all in one go when I change the mortgage over !!!

Thanks for all your help

Paul

homer_j_3

That must be the magical figure for every charge NR make. I am sorry my information made it look cheaper but that is what is in the latest tariff of charges that I downloaded this morning before I responded.

That said, it is as I thought in the sense that it would be as long as it is wide.