remortgage time!

slangrish

hi, just wondered if anyone could offer some advice. we've got about 2 months to go on our current fixed rate mortgage and am looking to get a head start on what sort of deal i should be looking at getting next time around. we were first time buyers on a 'homes start' scheme with David Wilson Homes where they put up 25% and you get a mortgage for the remaining 75%. as the house was valued at 200k this meant a mortgage of 150k for us, (the stipulation is, once we sell, we pay DWH 25% of whatever we receive.)
My qt is, do i need to tell potential mortgage companies that the 25% 'equity' is not in fact in mine but DWHs? im not sure what i need to do as when we first moved in we were told that as it a special sort of deal only certain mortgage lenders recognised it. (we are currently with Nationwide around 5.+%) also what would people recommend, fixed rate or tracker? sorry if this is all a bit vague but im a newbie so any help appreciated!
thanks.

slangrish

im based in bournemouth, uk...?

Wutang_2

slangrish wrote: »

im based in bournemouth, uk...?

ask mortgagegirl to pay for the flight - and you may consider using her services.

beecher2

Find out what your follow on rate will be with Nationwide - could be that's your best bet for now.

Peelerfart

Now where did I put my spam button ?