We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Need some remortgaging help.please!
ajbrynoffa
Posts: 418 Forumite
Hi we are in the 3rd year of our mortgage withe the chelsea,not sure of the rate but we pay £309 per month on a 49000 mortgage.we are in an ex council house with a value of about £115000.we also have a personal loan of £20000 which we pay £303 per month for.I think we have to pay a £2000 penalty if we switch mortgages as we`re on a 5 year fixed term however we are desperate to save some money on our monthly outgoings.I earn about £1200 per month net and my wife about £600.Could anyone advise us on remortgaging or other options to pay off the loan and bring our outgoings down.i `ve been looking at the ONE account but i don`t think it`ll save us much......thanks in advance.....Alan..ps..........p.m. me if you want more details of our finances......thanks.
A shadowy flight into the dangerous world of a man who does not exist.
A young loner on a crusade to champion the cause of the innocent,
the helpless, the powerless, in a world of criminals who operate above the law.
A young loner on a crusade to champion the cause of the innocent,
the helpless, the powerless, in a world of criminals who operate above the law.
0
Comments
-
Hi
Rather than remortgaging to consolidate your debts have you contacted chelsea to see if they will offer you a further advance? you need to avoid paying thoses redemption penalties as they will likely outweigh any saving you make once you have consolidatedI am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
We had a further advance off them about 12 months ago of £3000.what would you suggest i do with a further advance,pay the loan off??.....Alan.A shadowy flight into the dangerous world of a man who does not exist.
A young loner on a crusade to champion the cause of the innocent,
the helpless, the powerless, in a world of criminals who operate above the law.0 -
You need to check out the early repayment charges on your secured loan and your mortgage. Once you have got them give them a broker and they will let you know if its viable to remortgage or notI am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
ok thanks MammaA shadowy flight into the dangerous world of a man who does not exist.
A young loner on a crusade to champion the cause of the innocent,
the helpless, the powerless, in a world of criminals who operate above the law.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards