first time remortgage - is this going to be worth the hassle!!

melt71

chappers wrote: »

Sorry melt71, typo on my part meant to be £518.81 based on £109801 all other parts of the calcs correct though.

Regards
gareth

Phew! Thanks for clarifying I can relax now

mathew_carter

You could look at a rate from a lender who will charge a slightly higher interest rate but have much lower arrangment fees. It will then be a case of balancing the costs involved versus the money you will save over the period of the fixed rate.

First Active have a two year fixed rate that is slightly higher than the Abbey rate with a fee that is £500 less. There are also a couple of fee free fixed rates but you will probably find you are paying just over 6% for them.

BM Sols will allow you to transfer onto one of their customer retention products but they are not particulary attractive.

I have no idea why you balance is higher now. This may be from your original completion date - some lenders add a payment to the mortgage balance to bring you into cycle with your correct payment date.

Mat Carterr

melt71

mathew_carter wrote: »

BM Sols will allow you to transfer onto one of their customer retention products but they are not particulary attractive. Mat Carterr

Just out of interest, how do I find out about these? I looked at their website but it doesn't show anything - is it worth ringing them to ask what's available.

If it saves more fees, it may be worth as slightly higher rate but I've also already paid £170 valuation to Abbey and would have to pay the legal fees for their work so far.