Are there fees involved in remortgaging?
Indeed, remortgaging typically comes with several fees that should be taken into account.
These may include arrangement fees for setting up the new mortgage, valuation fees for assessing the current value of the property, and legal fees for solicitor or conveyancer services.
Early repayment charges may apply if still within a fixed-rate period, and some lenders might impose exit fees when moving away from their mortgage.
It’s important to consider these costs when evaluating the overall financial implications and potential savings associated with remortgaging.