Visit us at the top of Market St. in Kettering Pop in for a cup of tea to discuss your mortgage at 2 Church Walk, Kettering, Northants NN16 ODJ
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Free Valuation or Refund of Fees/Costs - Best4U Kettering Northamptonshire
Your monthly mortgage payments are not the only costs you will incur when you obtain a mortgage. You will also have to pay for valuation fees, legal costs and arrangement/ lender fees. On top of this there may be stamp duty.
As an incentive, some lenders offer to pay for your valuation fees, arrangement fees and legal costs. Sometimes these are refunded, so you have to pay for them in the first place and the lender will forward you the money when your mortgage application has completed. Other times these are actually free, so you do not pay for them at all; the lender takes care of that.
There may be some restrictions, however. Sometimes a lender will insist you use a particular solicitor or surveyor in order to receive a free service, or to obtain a refund. For most people this does not pose a problem, but it is something that you should be aware of. Also be aware of redemption penalties where you have to pay back the free incentives should you leave the lender.