Cashback Remortgages · Remortgaging
Remortgage Costs Checklist
A remortgage can involve several costs beyond the new rate. Listing them helps you compare deals properly rather than on the headline rate alone.
Costs to check
- Product or arrangement fee (which you may add to the loan).
- Valuation fee, if not free with the deal.
- Legal or conveyancing costs, if not covered.
- Any early repayment charge to leave your current deal.
- Any exit or deeds-release fee from your current lender.
Compare the total
Add the costs to the payments over the deal period, then subtract any conditional cashback, and compare each option on the same basis. Our advice is free — the costs above are lender and third-party costs.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.