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Remortgaging
marcsshell
Posts: 163 Forumite
Hi,
Just wondering what the costs involved would be on remortgaging to a different lender?
Just wondering what the costs involved would be on remortgaging to a different lender?
0
Comments
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Early repayment penalty on existing mortgage?
Discharge fee on existing mortgage?
Valuation fee?
Arrangement/product/booking fee?
Legal costs?
You've given nothing to work with so that's about the best you're going to get.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Usually its a EPC and legals costs other than that not much0
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EPC on a remortgage?
ERC (Early Repayment Charge) possible if on currrent mortgage and depending on lender, charges such as 'Account fee', 'Exit fee' but check with current lender for that
Alot of residential remortgage give free legals and free basic valuation (possibly a desktop valuation) so ideally you wont have many!PoorMoon
Cleared £15,000 debt whilst being a student full time, bought a house, all whilst working full time.... it can be done!0 -
Sorry I'm not very knowledgeable regarding mortgages etc. I have been with Santander for around 15years and its on,y since reading posts on here have I thought about moving lenders.
Currently owe just over £56k, house prob worth around £70-75k (brought just before the crash:( so will only get more or less what we paid for it) Current deal is 4.74% on a variable rate. Have just remortgaged with them for 2.99% for two years but I have a 14 day cooling off period.
The variable there is no early repayment fees but the fixed there will be.
I am just wondering if due to the amount we owe would any savings made be eaten up with fees etc. Thanks in advance0
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