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Help please - ways to reduce parents' payments
Comments
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if its the A&L standard variable rate then it should be 4.99% if I recall correctly.
Assuming the Zoopla valuation is correct then they are at 96%LTV so there is no where that is going to offer better terms.
If you think the Zoopla valuation is wrong then what do you think the property valuation is?
If you dont think the Zoopla valuation is wrong then theres nothing further to be done on the mortgage side of things. Time to look at other areas of their finances.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 -
Need any more information for what?
You start by saying you think £950 a month is 'too much for the house' - well they borrowed the money to buy the house so knew what they were getting into?
Probably not a lot that people can say - you are not going to be able to remortgage with no equity.0
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