Re-mortgaging question

Twisted_Spirit

Howdy

My fixed rate ends in August this year on my first mortgage.
If I am going to look at re-mortgaging when should I start looking?

I downloaded the MSE guide but couldn't see how soon before the rate ends I should start looking.

Do I just contact my provider and ask them how much would be due to clear the mortgage as of specific date?

Also, Who should revalue the house? Estate Agent?

Many thanks

Thrugelmir

Start looking now.

Have you asked your existing lender what products will be available to you?

Remortgaging to a new lender may well involve considerable costs. So you'll need all the facts prior to making a decision. The new lender will value the property for mortgage purposes.

You can find details of sold prices in your area from Zoopla to use as a guide.

Twisted_Spirit

Thank you. I will start looking this week.

amnblog

If you are switching Lenders, the new Lender will value your property (normally at their cost).


You may have a view on the current value, as may an estate agent, but the valuer's view (instructed) by the Lender is the important one.


If you are not really sure what to do you should have a mortgage broker handle the remortgage for you.