Remortgage solution
Available to remortgage customers only
Free valuation
All customers will receive a free valuation for mortgage purposes (up to a property value of £2.5 million) - provided by Abbey’s Group Survey Office. In certain circumstances we may need to arrange a full inspection; in these cases, the surveyor will contact the customer directly
Free standard legal work
We also arrange and pay for the cost of legal work involved in transferring the mortgage, ensuring it will be undertaken professionally and speedily. However, your customer will be required to pay for the following third party fees above this limit if they apply:
- For leasehold properties - the landlord’s registration fee for registering the mortgage with the landlord in accordance with the terms of the lease
- If the title to the property is unregistered - the additional land registry registration fee.
If any additional work is required, which is not normally associated with a remortgage, then this will be at your customer’s own cost. Your customer will be advised of the cost of additional work before any work is carried out.
Early repayment charge - remortgage solution
Should your customer redeem their mortgage before the end date on the benefit package, they will need to repay either the £250 cashback or a maximum of £200 for the remortgage legal work. The benefit end date is shown on the KFI and on the Rate Bulletin. The repayment of the benefit will be in addition to any product early repayment charge which may apply.