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firstly thank you for reading i thought i would start at the beginning in 2007 when i was not in a good place i remortgaged my commercial property to lancashire mortgages and by releasing £30000 in equity it cost me a extra £50000 in early release from previous lender and fees to broker and lancashire. what i did not realise was that this was interest only and due to receivership fees and charges i now owe then £300,000 from originally borrowing £220,000 and i am paying them £2400 a month. the rent does not even cover the monthly payments i originally put in a inflated salary
hi sorry I'm not sure where best to post this. We have a remortgage going through with nationwide. During the application process we were asked if we needed transfer of equity and we said yes. It then told us we needed legal advice for this and do we want a quote from one of their solicitors and do we want a quote? We said yes and it brought back a quote of £255, asked us if we wished to accept and I said yes and proceeded with the application. I then got the application summary which states everything: Transfer of equity required? Yes Free legals taken? Yes Soli