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Remortgage help

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patchkipper
patchkipper Posts: 124 Forumite
in Mortgages & endowments
Sorry to be son dense but I am looking to re-mortgage, possibly changing lender. Can you tell me what charges are likely to apply and anybody who does fee-free as Martin's thread seems to suggest that with a mortgage of 54,000 fee-free is the greatest saving??????????????????? Also, we may move in the next couple of years are there any types eg. redemptions that we should avoid?

Any advice much appreciated.
What goes around - comes around
give lots and you will always recieve lots
«1

Comments

  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    most lenders have a totally fee free option for those with lower mortgages. If you are looking to move perhaps you should look for something with no early repayment penalties whatsoever, or perhaps an 18 month fix rate with no early repayment overhang

    You would get a better idea of exacly how much can be saved by taking advice from a whole of market mortgage broker (fee's free, obviously!) Martin mentions some in his article, but there are many brokers that will work without a fee
    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.
  • Snippy30
    Snippy30 Posts: 14 Forumite
    how much does going fee free put the interest rate up?
  • hollie.weimeraner
    hollie.weimeraner Posts: 2,155 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If you want to compare costs and charges there are some excellent excel files on this link that will assist you to compare mortgages http://www.mortgagesexposed.com/
  • patchkipper
    patchkipper Posts: 124 Forumite
    Thank you for the advice, much appreciated.
    What goes around - comes around
    give lots and you will always recieve lots
  • patchkipper
    patchkipper Posts: 124 Forumite
    If anybody can suggest anybody other than A & Leicester who are fees free I would be grateful
    What goes around - comes around
    give lots and you will always recieve lots
  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Abbey 5.59% fixed until October 2008
    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.
  • patchkipper
    patchkipper Posts: 124 Forumite
    Sorry to be dense but I could only locate one with 499 fees, any other ideas welcome
    What goes around - comes around
    give lots and you will always recieve lots
  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    its definately there on my sourcing system. PM me your email address and I will send you the product details and a quote
    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.
  • regularsaver1
    regularsaver1 Posts: 4,930 Forumite
    you said you might move - i don't know of Abbey's porting system as fixed will tie you in

    there will be trackers out there with no arrangement fees / tie ins too
  • Snippy30
    Snippy30 Posts: 14 Forumite
    patchkipper wrote:
    Sorry to be son dense but I am looking to re-mortgage, possibly changing lender. Can you tell me what charges are likely to apply and anybody who does fee-free as Martin's thread seems to suggest that with a mortgage of 54,000 fee-free is the greatest saving??????????????????? Also, we may move in the next couple of years are there any types eg. redemptions that we should avoid?

    Any advice much appreciated.

    Abbey two year fixed = move in a couple of years, don't think there will be much of a tie in problem there.....
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