Nationwide scraps remortgage free legals, doubles cashback

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Nationwide is today ending free legals for remortgage cases and is instead doubling its cashback from £250 to £500.

A note sent to brokers says the move will not affect free valuations, other cashback offers or pipeline cases.

Free legals have a chequered reputation among brokers, with many criticising poor service levels and calling on lenders to increase cashback.

A Nationwide spokeswoman says: “From Thursday 13 July 2017, Nationwide has decided to withdraw the free legals option for customers remortgaging to the Society and, at the same time, have increased the cashback alternative from £250 to £500.”

“This is to enable customers to have greater flexibility to choose their own conveyancer and ensure that the majority of customers will have their legal costs covered.”