This is come at a great time for me. As a first time solo buyer completing in a few weeks I’ve been so torn. However will be sticking to the 5 year fixed. Tx
Thanks for the video. I never considered renewal fees. How much are they on average? When you renew a mortgage do you get a letter from the mortgage broker to return and discuss it or are you having to go and find a new one and start the process again?
Your broker should notify you in advance by around 5/6 months. Average fees are circa £1000-£1500 You start again but it’s quicker, usually around 4-6 weeks if all goes smoothly.
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This is come at a great time for me. As a first time solo buyer completing in a few weeks I’ve been so torn. However will be sticking to the 5 year fixed. Tx
@@missnanaoppong awesome that it helped you in your journey. Good luck ! 🏠
Thanks for the video. I never considered renewal fees.
How much are they on average?
When you renew a mortgage do you get a letter from the mortgage broker to return and discuss it or are you having to go and find a new one and start the process again?
Your broker should notify you in advance by around 5/6 months.
Average fees are circa £1000-£1500
You start again but it’s quicker, usually around 4-6 weeks if all goes smoothly.