Land Registration Fee for remortgage?

Hi,

I am currently moving my mortgage to another lender.

My solicitor now tells me I need to pay a "Land Registration Fee" which works out at over £300 for my mortgage amount

Dos anyone know if this is right? Why should I have to pay more money to the government simply for changing my lender?. Is it simply more stealth tax?.

I never saw it mentioned anywhere before this but at that large amount it is surely something which borrowers should be made well aware of before signing as it may influence their decision to move their mortgages.

Thanks,

Alan.

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Alan Campbell
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Peter Crosland

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