Remortgaging - I'm a Virgin

scrivomcdivo

I purchase my first house with my partner nearly two years ago. We purchased the house for £85,500 and got a fixed rate 95% mortgage with Nationwide. As it was our first time in moving out from our parents, we got an interest-only mortgage at this time.

My fixed term rate is due to expire in December and so I'm looking at possibly switching mortgage lender. So I'm looking for a mortgage for £81,225. We are looking at now moving to a repayment mortgage as we now feel we can afford it. With the way things are going though, I'm just wondering if it's worth looking at getting a fixed rate mortgage or a variable / tracker mortgage?

_Andy_

You may find your best bet will be staying with NW - they're quite good for existing clients.
Your main issue is going to be your LTV (loan to value) - i.e. in today's market you probably still owe 95% of the property value. This means hardly any lenders will do it for you and the rates will be high.