The nationwide mortgage I am proceeding with includes free 'standard legal fees' or £250 cashback.
The explanation of what this covers is as below :
'Nationwide will provide a solicitor from its own panel and will pay the basic fee for the legal work involved in a standard property purchase and any additional legal fee if the property is leasehold or commonhold. The offer of free legal fees does not include any payment for costs that the conveyancer must pay to a third party such as local authority or other search fees, Stamp duty or registration fees payable to the Land Registry. The offer also does not include the charge, plus VAT, payable to the conveyancer to deal with the settlement of any Stamp Duty and the submission of the Stamp Duty Land Tax form. These costs have to be paid by you. If you opt for the £250 cashback alternative, it will be paid within one month of completion of the mortgage. Where more than one qualifying mortgage product is selected as part of a single application, only one cashback payment will be payable.'
Does anyone have any experience with nationwide solicitors or know how much I am likely to have to pay for the items which aren't included, fees to third parties, search fees and registration fees.
Any advice on this appreciated, really not sure whether to opt for the Nationwide solicitor or take the £250 and find my own.
The explanation of what this covers is as below :
'Nationwide will provide a solicitor from its own panel and will pay the basic fee for the legal work involved in a standard property purchase and any additional legal fee if the property is leasehold or commonhold. The offer of free legal fees does not include any payment for costs that the conveyancer must pay to a third party such as local authority or other search fees, Stamp duty or registration fees payable to the Land Registry. The offer also does not include the charge, plus VAT, payable to the conveyancer to deal with the settlement of any Stamp Duty and the submission of the Stamp Duty Land Tax form. These costs have to be paid by you. If you opt for the £250 cashback alternative, it will be paid within one month of completion of the mortgage. Where more than one qualifying mortgage product is selected as part of a single application, only one cashback payment will be payable.'
Does anyone have any experience with nationwide solicitors or know how much I am likely to have to pay for the items which aren't included, fees to third parties, search fees and registration fees.
Any advice on this appreciated, really not sure whether to opt for the Nationwide solicitor or take the £250 and find my own.