Ellis
Member
Registered: 11th Sep 07
Location: Aberdeenshire
User status: Offline
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Who's done it themselves? A family friend handled my last remortgage but it doesn't appear that difficult.
Anyone have any words of wisdom for me? Anything I should pay particular attention to or watch out for?
I'm hovering around the 60% LTV mark, if not just above. For my situation, the best I've found so far is a 1.59% fixed for 2 years with £0 product fees. There are better rates out there but I prefer not to have a large product fee.
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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I did mine with Nationwide direct. You are right about the product fees as they can work out to be very expensive if you divide the cost by the term. Nationwide offer a choice and I expect you would be offers decent rates with that LTV.
Corsa 2.0 16v Vegas - Sold
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Ellis
Member
Registered: 11th Sep 07
Location: Aberdeenshire
User status: Offline
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Any pointers that I might not already know?
I remember last time getting the figure for remaining balance slightly wrong and almost getting myself into a world of pain. Thankfully I'd ticked a box somewhere on the application that instructed Nationwide to take up the slack.
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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You mean your current mortgage balance? Call your lender and ask for a redemption figure. That will
Cover the balance and any charges if applicable. Obviously the figure will change slightly by the time you remortgage due to daily interest or another monthly payment coming off etc.
Corsa 2.0 16v Vegas - Sold
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Ellis
Member
Registered: 11th Sep 07
Location: Aberdeenshire
User status: Offline
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So apparently I can register for internet banking with them and this will let me see the redemption figure. Very useful.
Have been reading more over the past few days and the process seems fairly straight forward. Found a product with a free valuation and no fees 
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Graeme
Premium Member
Registered: 26th Jul 04
Location: Northampton
User status: Offline
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I am using the same lady who sorted my mortgage. She is an independent advisor and doesn't charge as she gets the money from the mortgage provider.
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