Help..Remortgaged recently , now moving house

sj1147

Hi we remortgaged 6 months ago, we did this as we needed a deposit for a BTL mortgage. We fixed our mortgage for 2 years at 4.5%, with £999 fees, We chose the product as at the back of our mind we thought we may move house soon, this product has not ERC.

Now i dont know what to do, do i try and port this mortgage, or shop around again and look for a better rate, We will be borrowing 45k more than my current mortgage, and we are as always looking for the best overall package. I am tempted by HSBC.

Thanks:D

Senior_Paper_Monitor

Your current LTV / your new LTV ?

sj1147

current 67% New loan 78%

kingstreet

It's going to be a question of affordability. Some lenders will take the BTL mortgage cost off your income, assuming you have no tenant and the mortgage to pay.

Check this out before you make a decision.

powerwin

sj1147 wrote: »

Now i dont know what to do, do i try and port this mortgage, or shop around again and look for a better rate, We will be borrowing 45k more than my current mortgage, and we are as always looking for the best overall package. I am tempted by HSBC.

Thanks:D

Won't it come down to the usual ... can you get a different deal that is cheaper overall after all fees have been taken into account? Bear in mind you've paid a £999 arrangement fee for your current mortgage.

Rgds