A question for online brokers..

Leighthal

I currently have a repayment mortgage with the Halifax at their standard rate.Outstanding balance is 24k.Repayments are 213 a month.
My sister and I are inheriting a 200k property from our late Mum which is currently tennanted.The tennancy runs out in April 2007.
Will any lenders let me remortage my current property without any cost (and for lower repayments therefore makin a saving) until we are in a position to sell the inherited property next year.Is going interest only an option?
Basically I think I'm looking for a saving over the next 6 months but also not be liable to any tie-ins as the revenue from the sale of the inherited property will change our circumstances dramatically and enable us to move up the property ladder(or indeed other options).Thanks in advance.

payless

possibly ( don't know if you qualify) but fees might out way benefits
( might be better at a slightly higher amount - ie £25K though )

for example its £225 just to leave halifax.

Did you know Halifax have a range of in house transfer options - no fees & no ties, and should not have any qualification criteria

jimmyboy420

I am not a broker or anything like it but I would think best bet would be to go interest only for a while, if you are really finding it tight at the moment. It will mean you pay more in the long run though (even if that "long run2 is only 6 months). Speak to Halifax and see what they're charges are for doing it.

Leighthal

Thanks guys.First port of call will be the Halifax then. :cool: