joint mortgage but split with partner... pls advise best action

Dave_Ham

This is a not a HSBC case, given the high income multiples required...

jumbopants

Went to nationwide yesterday and they said they'd offer me the additional 90k for 3.69 + base rate for 2yrs tied in over 20 years, 249 notes up front for all the fees, plus said I'd have to reshudule my 62k outstanding from 11years left to 20years, so it's the same as the additional 90k term, I wanted to keep this 62k as it was with 11years left, but said that it wouldn't be aloud within mortgage rules !!! Is that right ??

With the 62 plus the 90 it works out 730 a month, I take home around 1.9 to 2.3k a month so is more than affordable for me, does anyone know of a better deal with another lender ? Gona see hsbc early next week just to compare...

Thank you all for your advice so far...

bigadaj

jumbopants wrote: »

Went to nationwide yesterday and they said they'd offer me the additional 90k for 3.69 + base rate for 2yrs tied in over 20 years, 249 notes up front for all the fees, plus said I'd have to reshudule my 62k outstanding from 11years left to 20years, so it's the same as the additional 90k term, I wanted to keep this 62k as it was with 11years left, but said that it wouldn't be aloud within mortgage rules !!! Is that right ??

With the 62 plus the 90 it works out 730 a month, I take home around 1.9 to 2.3k a month so is more than affordable for me, does anyone know of a better deal with another lender ? Gona see hsbc early next week just to compare...

Thank you all for your advice so far...

Don't forget the plus base rate element. There no sign of it going anywhere soon, but neutral interest rates re traditionally five per cent, and its not that long since they were approaching double figures, do some sums to see what the payments would be in those scenarios.

Are you tied in for twenty years or is that the mortgage term? Also I'd pay for a valuation on the house, costs to be split, to make sure it's fair to the both of you.