Afin Bank offers free legal fees on remortgages

Incentive could bring significant savings for all borrowers, especially clients looking to remortgage larger loans

Afin Bank is offering free legal fees on successful remortgage applications submitted before the end of May, enabling borrowers to save at least £900 – equivalent to £750 plus VAT – on standard legal fees for mortgages under £1 million, with potentially significantly higher savings on larger loans.

For loans between £1 million and £2 million, the average saving on legal fees could be as much as £1,800, equivalent to £1,500 plus VAT.

The incentive will be available to customers who use Afin’s Express remortgage service via its partner Movin’ Legal, which provides a specially selected panel of law firms.

The lender said the initiative had been introduced to help brokers and their clients during the current period of uncertainty as interest rates rise across the marketplace and lenders are withdrawing products.

Afin said its remortgage proposition could suit borrowers whose circumstances have changed, such as people who have become self-employed, turned to contracting or who have a non-standard income, such as multiple income streams, for example.

It could also be suitable for borrowers who struggle to get a mortgage from mainstream lenders because of their circumstances, such as high-net-worth clients, qualified professionals and foreign nationals working in the UK on a work visa.

The lender will also consider capital raising as part of a remortgage, so borrowers could look to release additional funds to pay for work to their home, such as renovations or an extension, or to pay off debts and other lending.

Rob Lankey, National Sales Director for Afin, said: “Many borrowers are looking to remortgage because their fixed deals are coming to end, but they are having to do so in a turbulent marketplace where interest rates are increasing and products are disappearing on a daily basis.

“By offering free legal fees on our remortgage deals we want to support customers and their brokers during this difficult period by providing them with commonsense lending solutions, whatever their circumstances, and helping them to save money. For borrowers wanting to remortgage a larger loan amount this could be a significant saving.”

Afin Bank is a specialist lender for customers who are unsupported by the big banks because their circumstances do not fit mainstream lenders’ rigid tick box approach to affordability. Afin individually underwrites each mortgage based on the borrower’s true financial circumstances, rather than using automated models.

It offers a range of residential and buy-to-let mortgages for properties in England and Wales, designed for remortgages, movers and first time buyers.

For more information about Afin Bank visit www.afinbank.com follow it on LinkedIn and @AfinBankUK on X and Instagram.

ENDS

Contact Paul Beadle: email Paul.Beadle@afinbank.com or mobile 07801 105001

*Approved remortgage applications made by the end of May 2026 will have their standard legal fees covered by Afin Bank. For loan amounts of up to £999,999 this will be a saving of £900 (£750 + VAT). For loan amounts of £1 million and above the saving will be equal to the standard legal fee + VAT quoted for the specific loan amount. The incentive will be available to borrowers who use Afin Bank’s Express remortgage service and will cover the standard quoted legal fee but will not include any additional disbursements or other legal fees.

Notes to editors

Afin Bank was created to help some of the UK’s most underserved customers, such as people from overseas living and working in the UK on a valid work visa and borrowers like the self-employed, qualified professionals and high-net-worth customers.

It offers a range of residential and buy-to-let mortgages for properties in England and Wales, as well as FSCS protected savings accounts.

Afin Bank is backed by parent company WAICA Reinsurance Corporation Plc (WAICA Re), one of the largest reinsurance companies in Africa.

Banking can be complex, so we’re making it simple. Our mission is to cut out the complicated stuff to deliver simple products and service excellence to make banking effortless.

If you’re planning to buy a home or grow your savings, Afin Bank is here for you to achieve your goals. We provide a simple and secure banking experience to deliver real value that empowers you.