Conveyancing
A conveyancing firm, or a solicitor, will have to carry out the legal work necessary to effect a remortgage or in connection with buying and selling your home.
Occasionally, a lender will appoint and pay a conveyancing firm, or might pay a sum to you upon completion of the mortgage, which would defray your legal costs.
This is not always the case, and very often a particular mortgage product is so competitive and will perhaps save such a large amount in interest costs, that the product is preferable to one that may be “fees free”, but not have such a low interest rate.
Your mortgage illustration will tell you if the lender will pay anything towards your legal costs.
It is usually the case that any such fees paid by the lender towards the legal costs are dependant upon the mortgage completing and a risk that if it does not complete, that the would be borrowers will have to pay the legal costs to date themselves.
If you need additional “non-standard” legal work carrying out, you would need to discuss the cost of this with the solicitor or conveyancer concerned.
