Re-Mortgaging help!

Nealmason1986

Hi i was hoping for some advice about re-mortgaging my house.

My house is prob worth about £140,000 and i have a mortgage for £103,500.

I would like to fix my mortgage for as long as possible really as i am off to Australia soon and my mum is going to live in my house.

I dont want a buy to let mortgage and i want to keep it simple.

One of the reasons i want to lock in as long as possible is because i worry about re-mortgaging in the future due to no longer working or living in this country and i want a some time to get my career going again before i have to worry about my place in the UK.

I have done some comparisons which suggests the 5 year deal with the post office might be the best.

I am after a repayment mortgage over 25 years. The only issue with the post office is its fixed at one rate for a few years and then ups to nearly another £100 a month for the remainder.

I would rather it keep a steady rate throughout so the repayment are the same throughout the term.

Any advice would be amazing.

Thanks guys

kingstreet

Find a lender with a decent five year fix and a below-average follow-on rate or historically low standard variable?

Nealmason1986

Thanks

Thats the problem i have. I am not very good at understanding all this stuff?

Anyone point me in the right direction of the best mortgage deal for my situation.

Would really appreciate the help

Let_Us_See

Take care, as the action you are proposing could be seen by a lender as fraudulent.

bigadaj

Kingstreet has given you some useful pointers, if you want much more then your probably best speaking to a broker.

As let us see has said, this action could e seen as fraudulent so you need to give it some thought.