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re-mortgage fees to continue fixed rate
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bakerlad1983
Posts: 255 Forumite
we have just remortgaged our house for the 2nd time with halifax, we done this because it is easier and the best solution for us. what i am a bit shocked at is why it costs nearly £500 to just go onto another fixed rate with them. Can this cost be Justified as surely it does not cost this much just to run a few things through a computer.
any help is grately recieved.
any help is grately recieved.
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It's a product fee and takes into consideration not just admin but the fact you are getting an interest rate deal. If you look around at higher fees you can probably get lower interest rate (conversely lower fees or no fee even but higher interest rates). It's all a case of playing with numbers and finding the best deal for you.0
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Anybody fancy counting how many times this question is asked a day?!!Gone ... or have I?0
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Read this thread: http://forums.moneysavingexpert.com/showthread.html?t=5333030
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Anybody fancy counting how many times this question is asked a day?!!
I would but your kitten keeps distracting me - reminds me of my youngest cat!I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
He he ... hopefully yours won't turn into an absolute terror like mine. Even the vet is scared of him (I'm not though - he's a little softie with me)! xGone ... or have I?0
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my little girl is the most timid cat ever - shes scared of her shadow.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Definitely not related then!
Poodle (real name Mookee, but Mookee, Pookee, Poodee, Poodle) is skitty as anything ... but when he goes off on one (as he did at the vets) he is dangerous!
Last night he woke me up because he was making so much noise ... He ran into the room, jumped up the door frame, and somehow managed to just cling on halfway up the wall ... He's great, stops me feeling less mental!
Sorry OP! xGone ... or have I?0 -
yeah, my other cat has a habit of having the mad half hours - funny how they all have their own personalities isnt it.. one of my cats will just sleep in the wash basin in the bathroom, another will fall off windowsills fast asleep whilst snoring and the youngest just meows when she wants attention..
They do keep your sanity - I agree fully!I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
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thats what these forums are for, just coz your a know it all dosnt mean everyone else does. why add to this thread if its not helpful or supportive
There is a bit of netiquette that has been round for donkeys years that says you should check the forums to see if your question has been asked first.
As the old posting rules said:
Lurk before you post. That simply means read before you write. Many groups have hundreds of readers, but just a handful regularly write. It is worth a little investment of time to see how your chosen group works - every group has 'unwritten rules' that have developed, and new members can suffer badly by not being up to speed.
In any group, before asking a question, seemingly stupid or otherwise, do read through at least a week's, or even a month's, posts of that group to see if the subject has been covered before - maybe yesterday or last week.
It is was once a month or even a few weeks, its not a problem but a couple of times a day is rude.Can this cost be Justified as surely it does not cost this much just to run a few things through a computer.
Its amazing how people think that the banks can just set a rate by the press of a button and a computer does all the work. No consideration for the cost of branches, computers, services (electric etc), staff before you even look at the costs and risks involved in the bank arranging the funds at that rate on the money markets and getting their own borrowing into place.
And the assumption that a retail charge has to be justified. Does a Ferrari at £100k have to be justified? Does Currys have to give you another TV free of charge when you want to replace it just because they sold one 5 years ago? So why any different with a retail mortgage charge?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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