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newbie question about remortgage
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daxu
Posts: 188 Forumite


Hello,
I am moving my mortgage to Ing direct. But suddenly I have a question just pop up my head.
When I applied for remortgage, I don't really know the exact number of the loan I needed but I can remember it should be around 90000£, so I filled 90000£ in. The requestion is what if I only owe 89000£ in the mortgage? Where will that extra 1000£ go?
Thanks
Jerry
I am moving my mortgage to Ing direct. But suddenly I have a question just pop up my head.
When I applied for remortgage, I don't really know the exact number of the loan I needed but I can remember it should be around 90000£, so I filled 90000£ in. The requestion is what if I only owe 89000£ in the mortgage? Where will that extra 1000£ go?
Thanks
Jerry
0
Comments
-
Hello,
I am moving my mortgage to Ing direct. But suddenly I have a question just pop up my head.
When I applied for remortgage, I don't really know the exact number of the loan I needed but I can remember it should be around 90000£, so I filled 90000£ in. The requestion is what if I only owe 89000£ in the mortgage? Where will that extra 1000£ go?
Thanks
Jerry
You should obtain a redemption figure from your exiting mortgage provider as soon as possible. Once you have this figure and you have received an offer from ING, compare the two figures.
You can request that ING change their offer figure to the same as the redemption figure obtained.
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0
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