Nationwide Building Society has stopped providing a free legals service for its remortgage customers, preferring to increase its cashback incentive from £250 to £500.
Some conveyancers have been particularly busy with applications passed to them by the largest banks and building societies and there have been delays getting them through. As a result, Nationwide has has acted to withdraw the free legals option.
Most of the lenders provide free legals or £250 cashback when you remortgage to them, so Nationwide's £500 cashback offering is generous.
If you are in a rush to complete your remortgage and you can find a conveyancor offering low fees to complete the legal work, there is a chance you will have some cashback left over.
Trinity Financial regularly introduces clients to Premier Property Lawyers and they typically charge £300 to complete the remortgage work for freehold properties.
For help to remortgage to a new lender call Trinity Financial on 020 7016 0790.