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re- mortgage

we want to buy a property abroad,for about £88, we have paid off all our mortgage on our house,its value is approx £94,
have had a quote from derbyshire building society " for fee free fixed for 3 years "rate 5.30%,for remainder of mortgage 6.75%
will lend us 80% so £75,200.sound fine to us is there a better deal out there?
it is easyer to re-mortgage here that get a spanish mortgage.

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    I think depending on circumstances, there may well be other options out there for you.
    I 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.
  • teenee60
    teenee60 Posts: 138 Forumite
    thanks, i will keep looking ,the "no fee's" is quite attractive,as we need funds on top of asking price for the property abroad.
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