Remortgage - Does this sound ok?

asandwhen

I am coming to the end of a 5yr fix with the Chelsea and want to check to see if it is worth while remortgaging with someone else.

Income - 1st 31,000 2nd 29,000

House Value - £190,000

Mortgage - £161,000

2 children - 2 car loans ( £220 per month and £300 per month )
credit card debt around £3000 (total) joint
child care £200 per month (although actual cost to us is less as use the child care vouchers through work)

I have been looking at Post Office mortgage 85% LTV 4.75% what are they like re valuations as im quite close to the 85% mark also how long do there mortgage offers last as im still 4 months away yet.

opinions4u

I think Chelsea have a high SVR. If that is the case for you, you're right to look in to remortgaging.

It might also be a good idea to rejig the finances and overpay (if the mortgage allows - save if it doesn't) to put yourself in to a better LTV position. Just in case the valuer disagrees with your £190k figure.

asandwhen

Yes Chelsea does have a high SVR 5.79 I think - I am able to fix with them again but would be happier with another lender.

I am considering either Britannia (5yr fix 4.49%) or Post Office (5yr fix 4.75%)

Does anyone know who is lending more at the moment and who has the easiest process.

asandwhen

Anyone????