Compare conveyancing fees UK wide should be on everyone’s to do list when it comes to purchasing or selling a property. Simply accepting the first conveyancing quote you receive could be an expensive mistake. The same goes for mortgages – what type should you have? What is a discount mortgage?
Conveyancing solicitors will be able to work with any type of mortgage you choose, so it entirely depends on what is best for your circumstances. A discount, discounted, or discounted variable rate mortgage is one on which a discount on the lender’s standard variable rate is given. This discount could be on offer for two to five years and after that time you will move to the standard variable rate. This is, of course, unless you opt for a lifetime discounted rate. Just like with the standard variable rate mortgage, the payments on a discounted mortgage can go up or down.
If you choose to pay off your discounted loan early, you will usually be subject to an early repayment charge penalty unless you have a lifetime discount, when the penalty will only be chargeable on the initial term. However, most lenders will allow over-payments (up to a specified amount per year) without charge. Discounted mortgages sound like a great deal, but they are not necessarily the cheapest mortgage available, which is why you should always compare conveyancing and mortgage costs when you are intending to move house. Discounted rates don’t offer buyers the chance to have fixed monthly costs either, so budgeting can be difficult.
Compare conveyancing fees UK wide and you will be able to save money on your solicitor costs which could be used elsewhere.
Use Conveyancing Index at https://www.conveyancingindex.co.uk to compare conveyancers; you could save an average of £367!
Call us on 0203 874 2020 if you wish to speak to us about any aspect of conveyancing comparison.