remortgage help needed!!!!

jobcob

Thanks for that info. Advisor has been on phone today and said this is the best deal she can get : 5yr fived at 6.09% £2200 fees plus £400 solicitors and £300 valuation fee. this is with Accord. Any advice?

poppy10_2

What's the value of your mortgage? This will affect how big a factor the fees should be in making your decision.

Ian_Griffiths_Halifax

Conrad wrote: »

There are quite a few options to consider;

C & G
One Account ultra low fees, no early repayment charges
Kent Reliance BS

Beware, in my experience most brokers tend to stick to the same lenders most of the time, either because they dont want the rigmarole of enlisting with new lenders (passwords, checking CCA license, learning new application forms etc etc), or they are part of a network that has a limited panel of lenders.

It's very easy to register with most lenders to be able to arrange mortgages with them and most are now online rather than paper forms. All lenders ask virtually the same questions but may ask in a different way eg. What day did you move here? Or How long have you lived at this address.

As you say though, some brokers do seem to deal with the same lenders most of the time, but that's because they are Salesmen rather than Advisers and they don't bother to learn the other lenders criteria before writing them off as an option.

Ian_Griffiths_Halifax

jobcob wrote: »

i have looked at my credit report and it doesn't seem that bad.

There's a big difference just now between a credit file that is 'not that bad' and 'good'. Are there any missed or late credit card payments or loan payments? Any defaults?

herbiesjp

jobcob wrote: »

Thanks for that info. Advisor has been on phone today and said this is the best deal she can get : 5yr fived at 6.09% £2200 fees plus £400 solicitors and £300 valuation fee. this is with Accord. Any advice?

If you have a relatively low mortgage value, it would not normally be cost effective to look at a re-mortgage deal with high fees.

So look carefully at that deal and maybe another deal with lower fees to see which leaves you better off after the fixed rate term

As I said before, you may want to get a second opinion from another broker to see if they can get the same, or better deals for you

jobcob

Our mortgage is £144000 with 21 years left. We are currently with TMB as my husband was self-employed at the time but is now employed. I know we are paying a higher premium still for this self-employed status and have asked TMB if this could reduce our rate in any way (as he is now employed)but was told 'NO' ah well at least it was worth a try!

Ian_Griffiths_Halifax

jobcob you need to get a copy of your Credit File, go to www.creditexpert.co.uk and see what is on record.

herbiesjp

jobcob wrote: »

Our mortgage is £144000 with 21 years left. We are currently with TMB as my husband was self-employed at the time but is now employed. I know we are paying a higher premium still for this self-employed status and have asked TMB if this could reduce our rate in any way (as he is now employed)but was told 'NO' ah well at least it was worth a try!

Sounds like you previously went self cert with TMB.

However you are are now employed you should be fine with most lenders

WHat is the property value and what are your incomes?

DO you have any other debts?