Benefits of a No Fee Remortgage
A no fee remortgage could help you to avoid:
Early repayment fees
There are many types of remortgage deal to choose from including:
No fee remortgages are just one option. Using our free form you will be able to compare the different remortgage types, apply for quotes and speak to a expert remortgage specialist. Click the link below to find out more about no fee remortgages and get the deal for you.
A ‘no fee’ remortgage may be very appealing for customers who are coming to the end of their current interest rate arrangement, or simply wish to switch to another provider for a better deal. In order to find the best offers available, customers are advised to shop around for comparisons on mortgages from as many lenders as possible.
Providers that offer a no fee remortgage may be willing to cover the cost of a number of procedures that can often be extremely costly for customers who are looking to switch. The following are some examples of costs that are commonly ignored with a no fee remortgage.
When switching to a new provider, lenders may often require customers to conduct a valuation of the property before a suitable remortgage arrangement can be conducted.
Arrangement fees are the standard charges that most lenders will require customers to pay for setting up their remortgage. Although the price of these fees may vary depending on the provider, their prices have generally increased over time according to market trends.
Although exemption from this charges may appear to be a very cost effective option for many customers, it should be remembered that not all charges will be covered. With many no fee remortgage offers, customers may still be expected to cover the cost of any solicitor fees, or early exit charges that may be incurred by switching provider.
Furthermore, it is also important to remember that many providers may increase the cost of their interest rates in order to compensate for their lack of fees. It is therefore important to consider the overall rates of a remortgage offer before committing to it.
If you are searching for fee free mortgages, feel free to consult our mortgage comparisons table above for more information.