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Fixed Mortgage Advice
aslawrie
Posts: 59 Forumite
Hi all, our fixed mortgage has expired and we owe £110,000 now,we would like to free up a further 15000 to pay for a wedding and and a new car, i'm looking a fixing our mortgage for 5 years, can you reccomend firstly if we should fix for 5 years given the current climate and secondly who are offering the best deals? Many thanks in advance
0
Comments
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What rate are you paying now (the SVR rate)? How much is your house worth?0
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the house is worth 175K and were paying 5.35% interest i think,
many thanks0 -
Best deals are for less than 60% LTV - asking for additional money will push your LTV up and will cost a lot in the long run. Depending on the valuation which comes back you could be looking at hitting the 75% LTV mark. I wouldn't recommend paying for a wedding and car over the next 20/25 years.
Have a look here
http://www.moneysupermarket.com/mortgages/
to see what's available.0
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