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Remortgage process
User4search
Posts: 119 Forumite
My first 2 year term is ending in May. Is there any online site to findout best mortgage interest rate deals? Or should I go for broker?
Should I find deals now or wait for sometime more for any interest rates drop?
Do I need to get my house valuation done? If yes then who can do that? I did do new driveway and kitchen refitting new flooring etc.
Should I find deals now or wait for sometime more for any interest rates drop?
Do I need to get my house valuation done? If yes then who can do that? I did do new driveway and kitchen refitting new flooring etc.
1
Comments
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Have you looked at new deals for existing customers on your lenders website.
Good place to start0 -
You should use a Broker.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.1 -
You can get a couple of free valuations from a local agent but I would certainly recommend approaching a broker now. Once you have an idea of the value, you could use the MSE mortgage best buy comparison site to get an idea of what rates are available then discuss further with a broker0
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I'd always use a Mortgage Broker as they have access to all the deals that we customers don't.User4search said:My first 2 year term is ending in May. Is there any online site to findout best mortgage interest rate deals? Or should I go for broker?
Should I find deals now or wait for sometime more for any interest rates drop?
Do I need to get my house valuation done? If yes then who can do that? I did do new driveway and kitchen refitting new flooring etc.
Usually, most lenders do everything in-house and use their own surveyor, conveyancer, and Solicitors to carry everything out during the whole remortgaging process.0 -
Though using a broker is a good place to start I'd always see if I could find better than whatever result they come up with just to be sure. I've been able to gain better deals on 2 occasions now just by using a comparison site or approaching my existing lender when remortgaging. It seems brokers don't always have access to all deals."a workman, even of the lowest and poorest order, if he is frugal and industrious, may enjoy a greater share of the necessaries and conveniences of life than it is possible for any savage to acquire."0
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My bank shows online rate to switch under my mortgage account. I am thinking 5 year fix with product fee. What is ur view? I don't see any other better rate on comparison site online.
If I switch now
will that cause any early exit charges ?
Will rate become effective immediately?
2 year fix - 4.61 with 999 product fee and 5.03 with no product fee
5 year fix - 4.41 with 999 product fee and 4.55 with no product fee0
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