Hello,
I've recently completed a remortgage process and moved from Permanent TSB to Bank Of Ireland trackers. PTSB were unwilling to support me in going from a variable to tracker mode so grand off I went. I've three properties and moved all three.
Now its done and i've received the statement from my Solicitor for the various expenses incurred. I am more than a wee bit surprised at these, and would ask for any comments from people who know more about this than me.
Property 1 - home :-
Stamp Duty on new Mortgage Deed ( 1e per 1000e borrowed) = 276
stamp duty on counterpoint mortgage = 13
stamp duty on assignment of life policy = 13
swearing (!) = 24
law agent fees = 35
closing searches = 62
land registry fees = 206
P-TSB fee for taking up deeds = 45
P-TSB fee re discharge of Mortgage = 45
P-TSB vacated mortgage deed (*2) = 90
(note, i originally had spliy the mortgage into 50% fixed and 50% variable X years ago, so I assume this accounts for the fact that its 'by 2' ????)
=====================
Total for Property 1 = 809.50
And the same with the other two properties except for slightly lower Stamp Duty for the new mortgage deeds.
The three came to 1932.50 which pretty much blows much of the benefit that i was expecting to achieve by the remortgaging process. Given i also had Valuation fees to pay as well - never mind the grief with forms, solicitors and the like.
Somehow i was only expecting to be paying about 300 per house for this process ! Thats all i was led to believe ... more fool me.
Are P-TSB pulling a fast one with all these administrative charges to close out the loans ? I wasn't aware of any of these prior to this process ?
Beware !
I've recently completed a remortgage process and moved from Permanent TSB to Bank Of Ireland trackers. PTSB were unwilling to support me in going from a variable to tracker mode so grand off I went. I've three properties and moved all three.
Now its done and i've received the statement from my Solicitor for the various expenses incurred. I am more than a wee bit surprised at these, and would ask for any comments from people who know more about this than me.
Property 1 - home :-
Stamp Duty on new Mortgage Deed ( 1e per 1000e borrowed) = 276
stamp duty on counterpoint mortgage = 13
stamp duty on assignment of life policy = 13
swearing (!) = 24
law agent fees = 35
closing searches = 62
land registry fees = 206
P-TSB fee for taking up deeds = 45
P-TSB fee re discharge of Mortgage = 45
P-TSB vacated mortgage deed (*2) = 90
(note, i originally had spliy the mortgage into 50% fixed and 50% variable X years ago, so I assume this accounts for the fact that its 'by 2' ????)
=====================
Total for Property 1 = 809.50
And the same with the other two properties except for slightly lower Stamp Duty for the new mortgage deeds.
The three came to 1932.50 which pretty much blows much of the benefit that i was expecting to achieve by the remortgaging process. Given i also had Valuation fees to pay as well - never mind the grief with forms, solicitors and the like.
Somehow i was only expecting to be paying about 300 per house for this process ! Thats all i was led to believe ... more fool me.
Are P-TSB pulling a fast one with all these administrative charges to close out the loans ? I wasn't aware of any of these prior to this process ?
Beware !