Representative Example: Borrowing of £100,000 (1.44% fixed for 24 months). Initially, 24 monthly payments of £397.89 followed by 276 monthly payments of £541.39. Fees are not included in the amount borrowed.
Representative Example: Borrowing of £100,000 (1.44% fixed for 24 months). Initially, 24 monthly payments of £397.89 followed by 276 monthly payments of £541.39. Fees are not included in the amount borrowed.
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- FAQ -
Remortgaging usually takes about a month, as you complete all the paperwork and have a valuation of your home conducted. When the process is complete you’ll be notified with a completion statement from your lender.
Make sure that you are on the electoral roll and everything is in order with your address. Keeping up to date with any credit card or loan repayments that you might have. Check your credit file with the major credit agencies, Equifax, Experian and CallCredit, to make sure everything on there is in order.
You should consider remortgaging if you answer 'yes' to any of the following:
If you’re still locked in to your existing mortgage, you’ll probably have to pay a charge which could amount to a few months’ interest. Many mortgage companies also charge a standard fee for closing down a mortgage. You need to watch out for the mortgage arrangement fee too many of the cheapest deals carry mortgage fees of over £1,000, which makes them less attractive to those who have smaller mortgages.