Any problems with using NIB legal team to switch mortgage?

[MCC]

Hi,
I'm hoping to switch my mortgage to NIB LTV tracker shortly. They have offered to do the legal work or else give me €600 towards my own legal fees.

My solicitor gave me a figure of €950 approx (€510+VAT, outlays etc).

Do I need to get my own solicitor to do this (I have found them to be excellent to date) or am I wasting money?

Has anyone else used the NIB legal team? Any problems?
Thanks in advance.
MCC

 

[MOB]

You do not need to get your own solicitor to do this.

One small point: the "switcher" product may involve signing documents in front of a solicitor. The NIB "switcher" team will pay a solicitor for this, but it really is not worth his while. (I have done a few where clients of mine were using the 'switcher' type product and despite the blurb that I am 'only required to witness signatures' I have found myself effectively drawn into advising for free, opening a file etc. for something like €120).

If you like your solicitors and decide not to use them in this case, it would be polite not to go to them to get the 'switcher' documents witnessed either.

 

[bobk]

If you can get your solicitor to do all the legal work for €600 then use him otherwise take the free legals from NIB.

Remortgaging from one lender to another is a fairly standard process

Problems can occur, but the risk isn't any higher using them than if a regular solicitor handled it.

I agree with MOB though, if your solicitor is on the NIB signing panel it would be impolite to use him, go elsewhere