Are there any fees involved in remortgaging?

You should always factor in the fees you’ll need to pay before remortgaging, which can include:

  • Arrangement fees: Most mortgages have arrangement fees which range from around £100 up to a couple of thousand pounds. Mortgage deals with the keenest rates tend to have the highest fee
  • Legal fees: You might have to pay for a solicitor to take care of any legal matters if you’re looking to remortgage with a different lender
  • Admin fees: The lender might charge for the cost of setting up your remortgage 
  • Valuation: You’ll need to have your property valued so the lender can see its current market value – to check the loan to value ratio of the mortgage is correct

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