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Question about fees
desiman
Posts: 231 Forumite
Hi,
Am a FTB so be nice
Im currently in the middle of a 5.69% fixed deal i picked up about 15 months ago. When it expires next year, I will change to another deal, rather than sticking with the standard variable. But one thing I note is the fees are so high (roughly 500 quid). My loan is quite small, around 30k, therefore that 500 quid is a big proportion of the loan if I keep changing deals all the time, it might even be better to stick to my standard variable!.
am i right about this or missing something ? anyone aware of any fixed rate deals which charge by percentage of the loan as a fee rather than the standard 495/500 quid or so? cheers
Am a FTB so be nice
Im currently in the middle of a 5.69% fixed deal i picked up about 15 months ago. When it expires next year, I will change to another deal, rather than sticking with the standard variable. But one thing I note is the fees are so high (roughly 500 quid). My loan is quite small, around 30k, therefore that 500 quid is a big proportion of the loan if I keep changing deals all the time, it might even be better to stick to my standard variable!.
am i right about this or missing something ? anyone aware of any fixed rate deals which charge by percentage of the loan as a fee rather than the standard 495/500 quid or so? cheers
0
Comments
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You can find fee free deals currently - whilst the rates may not be the lowest, they may be the type of schemes that suit you due to your circumstances in that in you will not incur fees to change and they will be lower than your current lender's standard variable rates.
Having said that, see what your existing lender can offer you at the time your current deal finishes - it may work out better to stay putI 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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