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Further Advance

  • 26-10-2017 11:12pm
    #1
    andymx11
    Registered Users Posts: 586 ✭✭✭


    All,

    Looking to get, in my view, a mortgage top up to fund renovations. My mortgage advisor at PTSB said if I was getting structural changes like an extension (which I am), it would be considered a further advance and a solicitor would be required.

    When I contacted my solicitor they quoted me almost 1200 inc VAT- if memory serves me correctly this isn't much cheaper than their fees for my whole original mortgage.. does this make sense ?


Comments

  • #2
    Trish56
    Registered Users, Registered Users 2 Posts: 1,256 ✭✭✭Trish56


    Perhaps you should shop around for a Solicitor or indeed consider switching your mortgage and availing of a better rate and up to 3k to switch which will more than cover your legal fees.

    I was quoted circa 1k to remortgage so your Solicitor fees for a top up seems ridiculous.
    andymx11 wrote: »
    All,

    Looking to get, in my view, a mortgage top up to fund renovations. My mortgage advisor at PTSB said if I was getting structural changes like an extension (which I am), it would be considered a further advance and a solicitor would be required.

    When I contacted my solicitor they quoted me almost 1200 inc VAT- if memory serves me correctly this isn't much cheaper than their fees for my whole original mortgage.. does this make sense ?


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