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Discounted Mortgage Rate

la1_3
Posts: 1 Newbie
Hi All,
I overpay my mortgage every month in a bid to be mortgage free ASAP. My two year discounted rate of 4.74% is soon to end and my interest rate will increase.
My question is - I have about £10000 left on my mortgage and would like to switch my mortgage to another lender or deal to get a better rate. However, I have read on this site that you have to have a minimum mortgage of £25000 before the majority of lenders will offer a remortgage. Is this the case?
Any advice will be appreciated.
Thanks.
I overpay my mortgage every month in a bid to be mortgage free ASAP. My two year discounted rate of 4.74% is soon to end and my interest rate will increase.
My question is - I have about £10000 left on my mortgage and would like to switch my mortgage to another lender or deal to get a better rate. However, I have read on this site that you have to have a minimum mortgage of £25000 before the majority of lenders will offer a remortgage. Is this the case?
Any advice will be appreciated.
Thanks.
0
Comments
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la1 you would be better posting this on the mortgage free wannabee threads or perhaps a Mod will move it:cool: Official DFW Nerd Club Member #37 Debt free Feb 07 :cool:0
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£10K is within stoozing at 0% territory.Happy chappy0
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