There will usually be some costs associated with refinancing but they are highly variable depending on your circumstances. The costs of these different fees and whether or not they are even charged at all will depend on the lender. Using a broker will increase your chances of having some (or even all) of the fees waived.  Of course, if you’re refinancing we would sit down with you and go through all the various scenarios and any associated costs vs savings before proceeding.  However, it is important to understand some of the fees to be aware of and enquire about include Discharge fees, Application fees, Valuation fees, Land registration fees, Lenders Mortgage Insurance (LMI), Ongoing fees, and Break fees.