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Remortgaging a 110% mortgage
cgm73
Posts: 2 Newbie
I hope someone can help.
We have a 110% mortgage (£100,000) that we got from Northern Rock nearly 8 years ago. After the initial 5 years fixed rate, we're now on a relatively high 5% rate. Is it possible to remortgage part or whole of this mortgage with another broker to a much reduced rate or are we stuck paying this inflated rate?
Many thanks
C
We have a 110% mortgage (£100,000) that we got from Northern Rock nearly 8 years ago. After the initial 5 years fixed rate, we're now on a relatively high 5% rate. Is it possible to remortgage part or whole of this mortgage with another broker to a much reduced rate or are we stuck paying this inflated rate?
Many thanks
C
0
Comments
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As you have no equity you will not be able to change lender.0
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Thought as much. Thanks.0
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