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Current good Buy2Let remortgage interest rate?
jet77
Posts: 1,586 Forumite
Hi,
I had to move from my home due to a lot of personal problems and have rented out my house. My mortgage is with the Halifax and they moved it over to a 'Consent to Lease' mortgage fee free with no tie-in period at 7.25% on a tracker. I have 23yrs 2 months left and £89,155.21 outstanding. I would like to know if anyone thinks that this is too high. I have looked at the Ing Direct thread and know they don't do Buy to Let but understand that a good rate at the mo is about 6.19% (?). Can anyone advise me whether this is right?
I rang the Halifax tonight and was told that on the screen its still showing up as being on 5.49% even though I'm paying interest at 7.25% and is going to contact the business centre to query it. I said that I was going to remortgage unless they are going to drop it.
Luv,
A confused jet!! x
I had to move from my home due to a lot of personal problems and have rented out my house. My mortgage is with the Halifax and they moved it over to a 'Consent to Lease' mortgage fee free with no tie-in period at 7.25% on a tracker. I have 23yrs 2 months left and £89,155.21 outstanding. I would like to know if anyone thinks that this is too high. I have looked at the Ing Direct thread and know they don't do Buy to Let but understand that a good rate at the mo is about 6.19% (?). Can anyone advise me whether this is right?
I rang the Halifax tonight and was told that on the screen its still showing up as being on 5.49% even though I'm paying interest at 7.25% and is going to contact the business centre to query it. I said that I was going to remortgage unless they are going to drop it.
Luv,
A confused jet!! x
JUST DO IT ONE BRICK AT A TIME
PROUD TO BE DEALING WITH MY DEBTS
Weekly Budget: groceries£50/petrol£50/Unnecesary£15
DEBT PAID = 58% (£4,212/£8216):T
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