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Re-mortgage process
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t45
Posts: 119 Forumite
Hello,
I was wondering if someone could give me a simple overview of the process of re-mortgaging.
I am coming to the end of a 5 year fixed term deal in June.
Should I start looking for a new deal now in February/March and also what do I need to look at.
I assume I need to get a valuation of the property or would a new lender (if I move) do this?
Is the valuation internal as well as external or just external (i.e. just based on post code?)
If I find a better deal than moving to my current lender’s variable rate, can I agree to this before the end of my existing term?
Many thanks,
I was wondering if someone could give me a simple overview of the process of re-mortgaging.
I am coming to the end of a 5 year fixed term deal in June.
Should I start looking for a new deal now in February/March and also what do I need to look at.
I assume I need to get a valuation of the property or would a new lender (if I move) do this?
Is the valuation internal as well as external or just external (i.e. just based on post code?)
If I find a better deal than moving to my current lender’s variable rate, can I agree to this before the end of my existing term?
Many thanks,
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