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New House and remortgaging
littlemrtinkle
Posts: 680 Forumite
Hello, first of all would like to say how much i enjoy following this forum and all the great advice being given. I was wondering if anyone could help me with my query.
Our current mortgage deal has 20 years to run and we are no longer tied in.
we have seen a house that we would like to move to, our new mortgage would be around 100,000, we have around 14000 in savings which we would like to keep. what mortgage would you recommend?
Our current mortgage deal has 20 years to run and we are no longer tied in.
we have seen a house that we would like to move to, our new mortgage would be around 100,000, we have around 14000 in savings which we would like to keep. what mortgage would you recommend?
Mortgage Start jun 2007 £88500 Outstanding Balance £51000
Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!
Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!
0
Comments
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well it depends on a lot of factors really
how much do you both earn
what are your joint monthly credit commitments
how much deposit do you have
what type of a mortgage do you want? do you need a bit of help discussing all the different types?
MortgageMammaI 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.0 -
40000 joint income
200 graduate loan
70000 deposit
flexible mortgage
many thanksMortgage Start jun 2007 £88500 Outstanding Balance £51000
Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!0 -
Ok well plenty of flexible mortgages on market, Abbey, Woolwich, C&G, - you are well within your borrowing capacity so assuming your credit status is OK you will fit most lenders criteria
Is it important to you to know the monthly cost of your mortgage for a set period of time or would you like to put a ceiling limit on the mortgage?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.0
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