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Is remortgaging worth looking at in current market

Just wondering if you guys think its even worth trying to remortgage in the current climate?

We cam off our 2 year discounted deal some time ago and are now paying the Alliance & Leicester SVR, whatever that is.

I remember it used to be that if you wanted to save the pennies being on the SVR was a sin, but maybe that is no longer the case as remortgaging to a discounted deal may actuall cost more with the fees etc?

75-80% LTV

Don't want to be tied in as we may sell soon (or at least try!).

Thanks!

Comments

  • Locoblade
    Locoblade Posts: 795 Forumite
    Part of the Furniture 500 Posts Name Dropper
    If you dont want to be tied in, you could look at going onto a fee free tracker with no tie-ins for the time being, then jumping onto a fixed rate if and when you spot one. Im sure there are others out there, but HSBC and First Direct both do ones that are fairly competitive.
    My Excel Mortgage Calculator Spreadsheet: http://forums.moneysavingexpert.com/showthread.html?t=1157173
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    It is always worth looking into - however as you are looking to sell soon it may not be worth the hassle
    I am a Mortgage Adviser
    You 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.
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