No charge for most remortgages
If you're moving your mortgage to Skipton but not moving home then you won't usually have to pay anything for the legal costs involved. In other words, it's free to you as we pay the standard legal costs.
Please be aware that legal work relating to certain matters not usually involved in a standard remortgage is not included in this offer eg transfers of equity or deeds of postponement. The conveyancers will offer fixed prices for certain “elevated services” – please ask your mortgage adviser for further details.
Some payments to third parties may still have to be paid. Please read notes 1 and 2 for a full explanation. If the loan is above £500,000 additional costs may be payable.
Occasionally we may offer certain products with other benefits where we do not pay the legal costs. Your mortgage adviser will tell you if this is the case.
No time wasting visits
You won’t have to waste any holiday time or lunch hours visiting your conveyancer, as they’ll keep in touch with you by phone and post. What’s more, they’re only ever a phone call away should you have any questions.
No completion, no legal fees
If at any time your remortgage falls through, then you won’t have to pay any legal fees, but disbursements (payments to third parties) are payable in any event and fees which relate to matters not usually involved in a remortgage may still have to be paid. Please read 1 and 3 of the Important Notes below for a full explanation.
Your legal adviser
For your peace of mind, a panel of experienced and respected firms take part in the Skipton Remortgage Conveyancing Service. Your Skipton adviser will let you know which one will act for you.
The panel consists of:
Conveyancing Direct Property Lawyers (St. Leonards-on-Sea)
Blacks (Leeds)
Optima Legal (Newcastle)
Important Notes
The Skipton Home Conveyancing Service is only available where you choose to jointly instruct the Society’s recommended conveyancer, as these fees have been specially negotiated with them.The remortgage work is undertaken by the conveyancers on a 'reduced title check' basis which Skipton considers is sufficient to assess its security. If for any reason you wish the conveyancers to carry out a full title check on your behalf they can do so but any additional costs involved are payable by you. Remortgages of part built properties are excluded from the legal costs offer. We comply with the Solicitors Regulation Authority Code of Conduct 2007 and the Council for Licensed Conveyancers Code of Conduct Rules 2005. Any conveyancer to whom we may refer you is an independent professional from whom you will receive impartial and confidential advice. You are free to choose another conveyancer.
- Free legal fees for remortgages refers to the Society’s legal fees and disbursements in connection with the taking of a mortgage which are usually payable by the borrower. Any fees or disbursements incurred which do not relate to the mortgage eg first registration of title, correction of title defects, dealing with any legal or beneficial interests (other than granting a mortgage) are payable by you eg transfers of equity. If you are aware that any of these may apply, please ask your adviser to ask your conveyancer for details of fees which may apply. The conveyancer may not be able to give definite cost figures without examining the legal title.
- Any fees payable to an existing lender (eg deeds production fees or early repayment charges) are payable by you. If you have a leasehold property and a fee has to be paid to a management company or landlord for information, then this will be payable by you.
- A £25 CHAPS fee will be payable on release of the mortgage loan, and product fees such as application and/or completion fees may be payable to the Society.