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Excuse my ignorance
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catiscot
Posts: 1 Newbie
Can anyone tell me at a glance whether the following offer of a re-mortgage from the Dunfermline Building Society is reasonable/competitive.
Mortgage 15,000
Term 15 years capital and interest
180 months £137.16 from the 6.99 product
Legal fees £300
Valuation fee £80
Arrangement fee £125
Total £25,068.80
Mortgage 15,000
Term 15 years capital and interest
180 months £137.16 from the 6.99 product
Legal fees £300
Valuation fee £80
Arrangement fee £125
Total £25,068.80
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Comments
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As your mortgage is only £15,000 it is likely that you would be better off with a higher rate and no fee deal. However, with a mortgage that low - there are not many lenders that would be interested in you.I am a Mortgage Adviser
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.0 -
Lenders will take it on as it is a like for like swap, Jill2002 is spot on though as you are paying to many fees on a loan of that size.
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