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Worried about getting a new mortgage deal when fixed tern ends..
sinky666
Posts: 4 Newbie
Hi,
I am currently in a fixed rate deal with my mortgage which ends in the summer, I have been beginning shopping around for deals and am finding alot of the main lenders less than enthusiastic about taking me on!!
I have an excellent credit rating and have never been in arrears but I will only need a mortgage deal for £30,000 over 5 - 10 years and it would seem that this just isn't profitable enough for them:o
My question is .... does anyone know of a reputable lender willing to still make deals on short and (relatively) low mortgage amounts???
I am currently in a fixed rate deal with my mortgage which ends in the summer, I have been beginning shopping around for deals and am finding alot of the main lenders less than enthusiastic about taking me on!!
I have an excellent credit rating and have never been in arrears but I will only need a mortgage deal for £30,000 over 5 - 10 years and it would seem that this just isn't profitable enough for them:o
My question is .... does anyone know of a reputable lender willing to still make deals on short and (relatively) low mortgage amounts???
0
Comments
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Staying with your present lender might be the best option for you.0
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A way round this is to look at bigger longer mortgages where you can overpay a lot.
Offsets are good for this, have a look at firstdirect they are usualy in the top 1-3 offset products.
Barclays aloow the offsetiing of ISAs so they are worth a look as well.
Whats the LTV and salary multiple?0
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