Beware the hidden costs of remortgaging
While switching your mortgage is a relatively straightforward process, it does involve more than simply signing some forms.
While switching your mortgage is a relatively straightforward process, it does involve more than simply signing some forms. Just as when you buy a house and take out a mortgage in the first place, there is a legal aspect to remortgaging and a solicitor will have to become involved in the transaction.
‘‘You have to understand that remortgaging your house is essentially like selling it on to someone else,” said Gerry McGrath, a partner at...
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