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when do u need 2 remortage?

we need to find a new mortgage in june as our one we have now will go up.
We are with advantage and we got 90k but put 4k of it down as a deposit. We've been paying £551 a month.
also can anyone help me work out how much we need to remortgage?
im goin to do some quotes on some of the sites.
thanks
savings for 2012.. New year new me.. Going to save save save... and not spend spend spend. :rotfl:
WANT £7000 BY JAN 2012.
Jan -£80
Feb -
March-

Comments

  • fkelanne
    fkelanne Posts: 706 Forumite
    forgot 2 say our fixed rate was at 6.4% as oh have a default on his credit file but it has fell off now.
    savings for 2012.. New year new me.. Going to save save save... and not spend spend spend. :rotfl:
    WANT £7000 BY JAN 2012.
    Jan -£80
    Feb -
    March-
  • fkelanne
    fkelanne Posts: 706 Forumite
    can anyone help me? thanks
    savings for 2012.. New year new me.. Going to save save save... and not spend spend spend. :rotfl:
    WANT £7000 BY JAN 2012.
    Jan -£80
    Feb -
    March-
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    You will probaly find you are in negative equity at the moment

    So you will either have to stay with them on the follow-on rate, or if you have got any savings built up, you could use those to reduce your mortgage debt and get a more competitive deal
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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