We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

fixed rate & no fees?

glen70
glen70 Posts: 82 Forumite
in Mortgages & endowments
we have £58,000 left to pay on our home worth £145,000.we would like to be fixed for 5 years at the best possible rate with no fees.we have 2 endowments ending in 10 years also.i have found bank of ireland feesaver at 6.39% for 5 yrars with no fees does this sound a good deal also do i need a soliciter?

Comments

  • JoeK_3
    JoeK_3 Posts: 1,374 Forumite
    Mortgage loans of £58,000 are fee sensitive, so the fees free deal sounds good.

    You will need a solicitor for the remortgage but the question is, who pays for it.

    Normally around £500 all in will be charged.

    Get some quotes in your area.

    JoeK
    I 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.
  • alexandlee
    alexandlee Posts: 30 Forumite
    I agree with JoeK that fees free is probably the way foward for you.
    A number of lenders will provide basic, in house appointed legal work free of charge.
    Do appreciate that this may take a little longer than if you pay someone local, but if you are remortgaging in plenty of time before your existing deal runs out then you should be ok. Alternatively a number of lenders will offer you £200 -250 for you towards the cost of your own sols.
  • gritts
    gritts Posts: 527 Forumite
    JoeK wrote: »
    Mortgage loans of £58,000 are fee sensitive
    JoeK

    Hi, at what level would you say mortgages stop being fee sensitive?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.9K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.5K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture