When should we use your sincerely or your faithfully at the end of the letter? Are they the same? Well the words are different so they are different. ;)
"Your sincerely" should be used when the addressee is named, for example "Dear John" and "Your faithfully" should be used when the addressee is anonymous, for example "Dear shareholders". This shows that "Your sincerely" is used when you write the letter to someone that you know and only to one person while "Your faithfully" is used when you write to many or someone you don't know, for example "trustee of trade union".
Using the wrong word might result in losing one mark as it would seem funny to the marker. ;)
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