Hoskin Mortgages are a regulated whole of market broker speaking to around 100 lenders in the U.K market.
‘One way to potentially save money when re-mortgaging your deal is to allow a broker to compare all product fees and incentives’ says Ian, a Hoskin advisor.
The lowest interest rate may not always mean the cheapest product, it is important to look at every aspect and consider all costs associated with the loan. Free valuations, cash-backs and £0 legal fees can also make a big difference. Lenders will often offer the same rates on fixed rates deals, but when you consider the arrangement fees, they rarely have the same total costs.
For example, two different high street lenders are currently offering 2 year fixed rate remortgage deals at 0.94% and 0.95%*. The lender fee on one is £999, the other £1499**. Include a £250 cashback incentive on one, and it’s easy to see both products are quite different.
If you are considering re-mortgaging please contact us to discuss the best options currently available to you. Initial enquiries are free and you are under no obligation.
(*)(**) Rates and arrangement fees produced by mortgage sourcing software as of 09/07/2021.
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