What to ask mortgage lender before going ahead with a re-mortgage

pstones578

Ive found a good re-mortgage deal for myself and the mrs and want to proceed.

Mortgage length 5 years fixed at 5.69 LTV 82%
fees £540 inc valuation and solicitor

Questions I want o ask tonight before I proceed are

1 - is the mortgage portable
2 - can I over pay
3 - what % can I over pay
4 - What are the early redemption charges
5 - Can I take payment holiday

Anything else I should be asking?

Thanks.

Joe_Bloggs

Can you find these details out for yourself on the web ?
J_B.

dimbo61

Can you get a better deal from another lender
I dont know the answer but check out moneysupermarket and the good papers times,mail,independant even MSN,google ,Martin etc

unite79

THese are not questions you should be needing to ask - The lender should be telling you these, and they should all be given to you in writing, on the Key Features illustration.

samnorris2

Most info you can usually get online or in the KFI document. However here are a couple I ask also.

• Are payment holidays available if you overpay?
• Can you reduce the term at any time during the introductory term (this helps keep your monthly payment level as by overpaying on a regular basis the monthly paymnet due will reduce.
• Is interest charged daily/monthly
• Can you get a "consent to let" on the mortgage if required and what is the cost.