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Re.Mortgaging
ganetplanet
Posts: 12 Forumite
Any help gratefully received
Circumstances are these :
Female 56
Property in Scotland value £250000
Outstanding mortgage £117000
Remaining period 15 years
Repayment Mortgage £900 currently - ends February 2nd 2014
Low income £22000
Had one salary cutback already and looks like another looms
What are my options as would dearly like to keep my home
Thanks in advance
Circumstances are these :
Female 56
Property in Scotland value £250000
Outstanding mortgage £117000
Remaining period 15 years
Repayment Mortgage £900 currently - ends February 2nd 2014
Low income £22000
Had one salary cutback already and looks like another looms
What are my options as would dearly like to keep my home
Thanks in advance
0
Comments
-
Ask your current lender what customer retention products it has for you to choose from, or consider a remortgage to a new lender if you can obtain a better deal.
How does the "follow-on" rate, presumably the lender's standard variable rate (SVR), compare to the product which is ending?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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