Looking to re-mortgage

edited 30 November -1 at 1:00AM in Mortgages & Endowments
12 replies 868 views


  • ThrugelmirThrugelmir Forumite
    82.1K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    KRS230776 wrote: »
    I agree, my personal balance sheet is looking a bit grim, but I am in this for the long haul. As crazy as this sounds, I'm happy to service a huge debt mountain if it means keeping my current house; I've been doing it for the last 5-6 years so I'm pretty used to it. Doing as you have suggested (e.g. renting and paying off my debts) is certainly a consideration if all else fails.

    I went on moneysupermarket.com and that came up with about 18 products, most of which were with The Post Office. The best of these is detailed below:
    • Provider: Post Office Mortgages
    • Actual cost over 2 years: £25,552.72
    • Initial Interest Rate: 5.45% then 3.49%
    • Initial Monthly Payment: £1,050.53
    • Mortgage Type: Fixed
    • Until: 31/07/2012
    • Overall Cost For Comparison: 3.9%
    I haven't progressed this further yet. How do people rate Post Office Mortgages?

    What's the current rate of interest you are paying?
    It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
  • Currently paying 5.63% until May 2012, whereupon I assume it will revert to Nationwide's SVR.
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