remortgage advice please

spirella

hello
my husband and i are looking for a new deal on 86k repayment does anyone know of any good deals at moment?
we have seen a couple of 10 year fixed but not sure if it is good to fix for that amount of time although the rates are good
we are scared of making the wrong chose as we have had the wrong advice before and it has cost us a fortune

many thanks in advance

herbiesjp

And what is the value of the property?

What was the wrong advice you previously had?

Robert_Sterling_3

spirella wrote: »

we have seen a couple of 10 year fixed but not sure if it is good to fix for that amount of time although the rates are good

You cannot know at the begining of a 10 year loan whether it will prove to be a good choice or not. Only time will tell.

spirella

herbiesjp wrote: »

And what is the value of the property?

What was the wrong advice you previously had?

how long have you got ???????????????
we were missold our endowment
then we managed to clear 30k neg equity
then we were quoted on an endowment instead of repayment and it took 16 months for the bank to realise what they had done
we then had a couple of good years and when we remortgaged again the same thing happened again we were quoted on an endowment and not repayment this time as we are a bit older and wiser we managed to work out there mistake but it has taken nearly two years and the financial ombudsman to sort it out so you can imagine our trepidation

herbiesjp

Whoa!

Not had a good time of it really

Picking up on that mistake should have happened very quickly TBH

As it is on the illustration you get and on the offer letter - but that is by the by

So now in future make sure you scour these sections on the paperwork to make sure all is well

What is the property value, as that will dictate what LTV bracket you are in and what rates you could be looking at

spirella

herbiesjp wrote: »

Whoa!

Not had a good time of it really

Picking up on that mistake should have happened very quickly TBH

As it is on the illustration you get and on the offer letter - but that is by the by

So now in future make sure you scour these sections on the paperwork to make sure all is well

What is the property value, as that will dictate what LTV bracket you are in and what rates you could be looking at

the paper work was the problem the whole thing was arranged over the phone and although we asked 17 times for the paper work we never recieved it but like you say thatas by the by now

current value ia approx 189k