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Remortgage Help please
NVRAM
Posts: 298 Forumite
hey guys,
A friends mortgage is up for renewal and hes asked me to help out as he remember me looking at them, but that was a while back lol.
All the offers I can see at the moment are for like 60/65% LTV
Currently with RBS Capital+Interest 5.99%
NO ERC/Leaving fee now
House Value: £120,000
Outstanding: £97,250
Term Remaining 32 Yr
Currently pays: £570 p/m
Any help appreciated.
A friends mortgage is up for renewal and hes asked me to help out as he remember me looking at them, but that was a while back lol.
All the offers I can see at the moment are for like 60/65% LTV
Currently with RBS Capital+Interest 5.99%
NO ERC/Leaving fee now
House Value: £120,000
Outstanding: £97,250
Term Remaining 32 Yr
Currently pays: £570 p/m
Any help appreciated.
0
Comments
-
The loan to value is 81%, so you need to look at 85% products.
Does he want a fix, or a tracker? If so, for how long? Is he prepared to accept an early repayment penalty? What about the transfer costs?
Does he want to remain with the 32 years which are left, or perhaps look at a shorter term?
Once you have the answers to the above, you can start looking for a new product/lender.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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