Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Loan or additional mortgage??
Comments
-
Mortgage Advisor from Moneysupermarket came and said his charges where 2.5%!! we told him to forget it... looks like its down to me to sort out0
-
There are lots of advisors who won't charge you a fee - don't be fobbed off by a 2.5% joker!0
-
This sounds a pretty easy remortgage and you should be able to arrange this without any problems.
Contact a professional organisation.
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
Thanks for your replies... feeling a bit more confident about it now so will try and find my own mortgage...
Also together with his 2.5% fee there were solicitors fees of £499 and surveyors fees of £350,,, is this usual? Can I expect to have to pay this amount?0 -
This is such a straightforward scenario on the face of it
You should not be paying 2.5% fees - you can get a fee free whole of market adviser to arrange this for you no problem
Solicitor fees and survey fees may be applicable of you leave your current lender - however if it is best advice to leave your current lender, there are alos plenty deals out there that offer free legal fees, free basic mortgage valuations, and some ofer no arrangement/booking fees
Don't forget to take into account the mortgage exit fee to leave your current lender if that is the route you decide to take.
HTHI am a Mortgage AdviserYou 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.0 -
I have just spoken to my building society (Abbey) They have told me I have £900 redemption fees and the only way round this is to take the £20000 at 7.9 and then when the redemption term is up in Aug 2008 get a new rate for the whole lot. Will this be easier than remortgaging somewhere else?0
-
Yes. It's probably not going to be worth paying £900 in redemption penalties as that's 4.5% of the £20k and you aren't likely to save a huge amount on your existing mortgage - indeed, if it's on a fixed rate from a year or two ago, you might have to pay more.0
-
Thanks for your reply,,, i will do that0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards