Re-mortgaging - is it easy to do yourself?

sharona71

Hi all,

I've always used an independent Mortgage advisor for mortgages etc., but wondered how easy it is to do on your own?

My 2 year deal ends next month, and I want to change lenders, as the one I'm with doesn't have any good deals.

Is it as simple as searching on Moneysupermarket (or similar) and choosing the cheapest deal? Are there hidden costs? Normally the ones at the top of the list are ones I haven't heard of (Pink home loans?)- should I choose a more well known company?

Do they generally add the arrangement fees etc., onto the mortgage or do you have to pay upfront?

So sorry for all the questions! If anyone can help on any or all of them, it'd be a great help!

S
xx

ACG

Pink home loans is not a lender, theyre a network - effectively a larger company with mortgage advisors working under them.

Its a case of doing the research (that may be going on the lenders websites or comparison sites) and then ensuring you meet the lenders criteria.
Typically there will be arrangements fees but not always and these can usually be added to the mortgage if you wish - but you would need to check that is an option.

Then you can make an application with the lender.

dprice

If your asking the above questions, and your really not sure, go with a Broker. Or best still, do your own research, then go to a broker to see if they can beat you. Enjoy the game!