Can I really remortgage at v.low cost

sjrobs

???

I am currently with HSBC and have a 48k interest only mortgage (20 years left) and a 12k equity release loan (10 years left). however, the ERL alone is costing me £50 a month in interest.

i was hoping to re-mortgage but wanted to do so at low cost, i.e. all survey and solicitor fees paid. I dont mind paying a couple of hundred £'s arrangement fee if the deal is good.

When I asked at HSBC about re-mortgaging, they convinced me that it would cost £000's, so i ended up with the ERL - regretting it now!

Is there any competitive deals out there with very low set up fees and no redemption penalties?

Where is the best place to look for mortgage deals?

Is it easy setting up a mortgage with an internet company?

Sorry there are so many questions, but I'm a bit flumoxed :-/

Cheers

payless

yes its possible to get away with just paying whatever your existing lender charges to close account.

Although I do usually say allow say £50 for minor expenses

Some deals have some fees - its just a matter of whether you are prepared to pay them, and if they make the overall deal more attractive
(ie lower rate)

Some evn have no redemption charges- but of course more conditions you put on a deal- the less choice