Remortgaging for 1st time

hwalkerh

Hi

My fixed term is coming to an end and therefore are looking to re-mortgage for the first time. These are probably basic questions but i haven't done it before so any help would be great.

If i stay or change bank will they charge me a property valuation fee?

If i move i guess there is an exit fee to pay my bank?

I am just trying to make sure i have covered everything as at the moment the co-op/britannia 5yr fix is looking good. I can see that Britannia might charge £60 for online valuation or £150 to come and value the property. I can't see anything in the co-op about property valuation so don't know if it is included in the fees.

Do they give you a decision in principle then you pay the booking fee to progress? Or do you pay the booking fee just to find out if they will let you have a mortgage?
I assume the arrangement fee is only if you are accepted?
thanks

dimbo61

You will need a survey ( valuation) on the property if you move lender.
Yes you will have to pay an exit fee ( check your paperwork)
As the coop and britannia deals are now from the same company you will have to pay other fees and not just the £999 arangement fee.
Is it a good 5 year fix ( yes)
What happens to your existing mortgage at the end of the fix ? ( read the paperwork)
It does not by any chance go onto some kind of tracker deal ? or just the SVR

hwalkerh

dimbo61 wrote: »

As the coop and britannia deals are now from the same company you will have to pay other fees and not just the £999 arangement fee.

I think it is £999 arrangement which includes booking fee, then the valuation fee. What other fees am i looking at?

At the end of with my current mortgage i go onto the SVR at 4.74%

dimbo61

Exit fee from existing lender and solictors fees plus any searches on property and check no ERC,s