remortgage queries

jayremoh

Hi all

Our current discounted mortgage rate is about to expire in december so im obviously in the market for a new one.

House is a 3 bedroom, 3 story semi-detached townhouse. Value when bought was £190k Nov 06, but not sure what the value now would be as there are none for sale. Current Mortgage is £145k on interest-only, as we pay off lump sums when we have the cash (work bonuses etc.) Althjough just had 1st child, so thats not happened for a while.

We have a very good credit rating as far as im aware, never missed a payment on anything, usually get typical rates for loans.

My current mortgage is with the abbey, as was the previous one so we do have history with them, if that helps at all.

Currently on Base -0.24% Tracker so our current payments are only £582.

Ok, not spoke to current lender yet, doing that later this week to see what they can offer. ive looked at all the comparison sites, but frankly current rates and especially the fees scare the crap out of me.

from what i can work out, im going to pay about £700pm at 5.69% and probably fees of around £1000.

its my preference to stick with a tracker type mortgage as i can cope with increases/descreases as they come and go.

also will fees increase if a switch lender, will i have to involve my solicitor? i seem to remember last time abbey waived pretty much every fee. dont remeber paying my personal solictor, but i could be mistaken.

sorry for the long post, just hoping to find a little guidence.

cheers