What happens at the end of your fix rate term?

smiddy_2

Hi i am interested in taking out a 5 year fixed rate mortgage, just a quick question, if i then switch providers to get a better deal once it expires am i looking at fees and extra costs?

CloudCuckooLand

yes.........

andrewmp

Depends on the new lender/product, they may charge arrangement fees, they may not.

smiddy_2

Thanks, any ideas of a rough cost? (Really does not matter how estimated!)

JA1000

T&Cs of the lender will help

Sagz_2

smiddy wrote: »

Thanks, any ideas of a rough cost? (Really does not matter how estimated!)

I was charged £300 in Jan 09 to re-mortgage with the same company.

getmore4less

Look at deals with good follow on conditions

Reduces the need to change again later

Plenty of us on base + < 1.0% trackers that are glad we did considere or were lucky.

Not to easy today, but still a big variation in the follow on rates between lenders.