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Remortgaging With The Same Provider
EssexBantam
Posts: 2 Newbie
I am struggling to get an answer to what is hopefully a fairly straightforward question - even from the company concerned. Can anybody help?
I am coming to the end of my discount period on a mortgage with Birmingham Midshires. I have researched the market and am very likely to take another BM product.
Can I assume that some of the standard charges associated with remortgaging fall away in these circumstances? I would hope that fees for valuation, land registry and legals would be not applicable - leaving just the product/arrangement fee.
Would be grateful for any advice or previous experience.
Many thanks.
I am coming to the end of my discount period on a mortgage with Birmingham Midshires. I have researched the market and am very likely to take another BM product.
Can I assume that some of the standard charges associated with remortgaging fall away in these circumstances? I would hope that fees for valuation, land registry and legals would be not applicable - leaving just the product/arrangement fee.
Would be grateful for any advice or previous experience.
Many thanks.
0
Comments
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That is correct - the product fee is normally the only one that is applicable if staying with your current lender
You are not re-mortgaging with your current lender, simply looking at a product switch.
Make sure the deals you have seen are applicable to existing borrowers - give them a call to double checkI 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 -
That's very helpful - thank you.0
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