Remortgage for beginners

grayson

I have just come out of a fixed term with Santander and they have informed me this morning the rates will be going up in October.

My property is worth £125000 and I have 25,000 left to pay.
I need a new car and fitted kitchen so I want to borrow a extra £15,000 on top of my current debt.

Can someone give me any good links on where to start. Are there any banks at the moment that are offering really good fixed term deals?

An idiots guide would be good:D

Many thanks.

jamesd

The fees I've seen for fixed term deals are likely to be uneconomic for the loan size you're considering.

Why are you using a mortgage for a car instead of spending on 0% credit cards and saving the money that way? Why aren't you buying the kitchen on a 0% credit card?

Wh05apk

At this level, rate is less important, look at the overall costs over a 2/5 year period, many lenders have fee free products, Nat west currently have quite good 5 year deals amongst others.

grayson

jamesd wrote: »

The fees I've seen for fixed term deals are likely to be uneconomic for the loan size you're considering.

Why are you using a mortgage for a car instead of spending on 0% credit cards and saving the money that way? Why aren't you buying the kitchen on a 0% credit card?

I have gone through most of the 0% deals through tarting:(

grayson

Wh05apk wrote: »

At this level, rate is less important, look at the overall costs over a 2/5 year period, many lenders have fee free products, Nat west currently have quite good 5 year deals amongst others.

Do I go straight to the bank or call a broker first?

jamesd

grayson wrote: »

I have gone through most of the 0% deals through tarting:(

Most of them are available again after you've had an account closed for a time between three and six months.