Swapping your mortgage provider at the end of an initial rate benefit period is nothing new. Most of the professional Landlords I deal with choose to do so with the help of a Free Valuation & Legals Remortgage product that has the built-in facility of free basic legal and valuation as this makes the rate saving transparent. A word of caution here, particularly in a climate where Landlords are changing title holders to avoid unnecessary taxation, although the basic conveyancing is ‘free’ there will be a legal cost for this activity. Free valuation is a superb feature if you are uncertain of the property value or expected rental as it protects your outlay. To find out more speak to the buy to let experts at Niche Advice.
Free Valuation & Legals Remortgage
- Free basic legal service.
- Additional costs for changing the title holders.
- Free basic mortgage valuation for the Lender’s purposes.
- Tens of Lenders to choose from.
- Remortgages up to 85% of the property value.
No upfront Broker fees by us. You only pay once the deal completes.
Example Product Rate and Fees – Free Valuation & Legals Remortgage
|Initial Rate: 2.08%||Subsequent Rate: 5.19%|
|The overall cost for comparison 4.40% APRC|
|The total amount you must pay back, including the amount borrowed is £483,306.56|
|Features: Free basic legal service and valuation. .|
|Type and initial benefit period||Fixed until 01/03/2025.|
|Minimum deposit / equity||25%|
|Telegraphic transfer / CHAPS fee||£30|
|Lender Legal fee charged to your solicitor||FREE|
|Early repayment charge||4.5% of the amount repaid in the fixed period|
For more information on Free Valuation & Legals Remortgage Mortgage please call complete the enquiry form on this page or call the number below.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Residential and Buy to Let Mortgages
Rates current at 18/11/2019 . The overall cost for comparison is based on an open market value of £300,000 over a 25 year term. Right-to-Buy examples are based on a discounted purchase price of £200,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibility will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.