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95% newbuy mortgage

danpen1306 · 2012-05-11 15:07:19

Hi Guys, This is my first post so be gentle. Me and my wife have found a nice Redrow home we like. We want to take advantage of the 95% newbuy scheme. We currently have a home valued around £125,000 - £130,000 and have a outstanding balance on our mortgage of £111,000. This new home is priced at £180,000 Does this sound…

Comments

Ganga Posts: 4,253 Forumite

12 May 2012 at 6:24PM

Hello danpen1306
I hope that the replies i have made to the posts have not been taken as a personel criticism as i stated we have been in trouble before and know what it is like and do not know your full situation but on £17000 c/c your payments at min. payment ( 2.5% avarage ) would be over £400. per month,surely you would not like to take on a bigger morgage till you clear these.

Regards

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