Fees Assisted Remortgage Service
Leeds Building Society has appointed Optima Legal, a specialist property law firm and Legal Marketing Services Limited (LMS), a conveyancing panel management specialist, to coordinate the legal work for our remortgages.
The fees assisted remortgage service provided by both Optima Legal and LMS includes a number of features designed to make the remortgaging process as smooth as possible, including:
- 24/7 online case tracking
- Ease of contact through a wide range of communication channels, including Text/SMS updates
- A full range of additional services (see Additional Fees below)
Fees assisted remortgage
Leeds Building Society offers fees assisted remortgages. That means we pay most of the legal fees for the remortgage, including:
- Standard legal fees
- Land registry search fees
- Land registry registration fees
In some cases, it may be necessary for Optima Legal and LMS to carry out additional services, which will incur additional fees. These fees are payable by the customer.
Frequently asked questions
How long will my remortgage take to complete?
The Law firm will complete the remortgage as soon as they are able, unless otherwise advised by you. The completion date is dependent on your law firm receiving all of the required information from you and your lender. A standard remortgage takes on average 25 working days to complete from the loan being agreed with the mortgage lender.
I don’t want to complete straight away, should I return my documents straight away?
You should return your documents to your law firm immediately as this enables them to prepare for your requested completion date, even if it is in six months’ time.
Why do I have to provide evidence of identification to the law firm?
The law firm is required to complete additional identification checks in accordance with money laundering regulations. The main aim of these is to assist in combating mortgage fraud and to protect individuals. The checks will vary depending on the transaction, lender requirements and law firm’s policies.
Do I need to visit my law firm during the process?
No. Most transactions are dealt with by telephone, post, email and fax