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Help with remortgage
foolsgold99
Posts: 413 Forumite
Hi,
My current fixed rate deal is due to end on 30thJune this year, the current interest rate is 5.89% I have been paying for almost 3 years now. I contacted my existing lender to see what they could offer and they initially said 5.59% with a £699 fee. I called London and Country who came back saying they could not do any better than this. I called up my existing lender to take up their offer to be advised that it was now 5.99% with £999 fee!! :mad: Again called L&C who said can only find match so with exit fee etc no good.
Called HSBC about their rate matcher and they said they can't match as current rate above 5.83% but they could offer 5.83 % with fee of £499. However as I live in Scotland, I have to pay solicitor to act on their and my behalf to draw up exit papers, enquiry fee with existing lender and land registry and bankruptcy searches
. They offer £400 towards this that you have to claim back after paying for it.
Does anyone know how much I would expect to pay a solictor for all of this? Is it worth switching the mortgage? Need to pay current lender £225 exit fee too. Just wanted a better deal and also a bit annoyed with current lender as they didn't advise I may not get this rate when calling back.
Any advice would be greatly appreciated.
Sorry for long post,
Thanks in advance.
My current fixed rate deal is due to end on 30thJune this year, the current interest rate is 5.89% I have been paying for almost 3 years now. I contacted my existing lender to see what they could offer and they initially said 5.59% with a £699 fee. I called London and Country who came back saying they could not do any better than this. I called up my existing lender to take up their offer to be advised that it was now 5.99% with £999 fee!! :mad: Again called L&C who said can only find match so with exit fee etc no good.
Called HSBC about their rate matcher and they said they can't match as current rate above 5.83% but they could offer 5.83 % with fee of £499. However as I live in Scotland, I have to pay solicitor to act on their and my behalf to draw up exit papers, enquiry fee with existing lender and land registry and bankruptcy searches
. They offer £400 towards this that you have to claim back after paying for it.Does anyone know how much I would expect to pay a solictor for all of this? Is it worth switching the mortgage? Need to pay current lender £225 exit fee too. Just wanted a better deal and also a bit annoyed with current lender as they didn't advise I may not get this rate when calling back.
Any advice would be greatly appreciated.
Sorry for long post,
Thanks in advance.
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