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Remortgage...help please
colorblind
Posts: 1 Newbie
Hi Everyone..
Just to introduce myself and my problem...I am 24 living in Birmingham...
In 2006 I took out a mortgage of 84,000 pounds for 25 yrs with 10% deposit. I opted for the interest only payment (was cheap tats why).
I would like to now to go for repayment and would like to remortgage my house plus get some extra cash on top.
I was just wondering if this is possible? Could someone please help me on this issue.
Any help would be appreciated!
Just to introduce myself and my problem...I am 24 living in Birmingham...
In 2006 I took out a mortgage of 84,000 pounds for 25 yrs with 10% deposit. I opted for the interest only payment (was cheap tats why).
I would like to now to go for repayment and would like to remortgage my house plus get some extra cash on top.
I was just wondering if this is possible? Could someone please help me on this issue.
Any help would be appreciated!
0
Comments
-
Highly unlikely you can raise any more, in fact you may well be in negative equity.
If you want to switch to repayment just ring your lender.0 -
Have you ran a search to check the value of your property? Nationwide has a property calculator.
It should be no bother to swich your repyment type just contact your lender.0
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