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Remortgaging from abroad
Ultimate_O
Posts: 1 Newbie
Hi,
I am looking for some advice. Me and my wife own a property in London. We moved to Sweden in 2012 and rented the property out. I am coming to the end of my fixed rate deal with Santander in September 2014. I am looking to remortgage and fix it again.
Value (estimated) c£450k, bought for £411k in July 2010
Outstanding (estimated in Sept when deal ends) c£179k
Current fixed rate 4.59%
It is rented out and we receive £1,430 per month which covers the £1,014 per month mortgage payment.
It does not seem easy to get a new deal as we are non-resident in the UK! Perhaps I should just go onto SVR which is currently 4.74% (how much and often does this fluctuate?). Or maybe it is just easier to sell (but I am very reluctant to do this)?
Thanks for any advice!
Olly
I am looking for some advice. Me and my wife own a property in London. We moved to Sweden in 2012 and rented the property out. I am coming to the end of my fixed rate deal with Santander in September 2014. I am looking to remortgage and fix it again.
Value (estimated) c£450k, bought for £411k in July 2010
Outstanding (estimated in Sept when deal ends) c£179k
Current fixed rate 4.59%
It is rented out and we receive £1,430 per month which covers the £1,014 per month mortgage payment.
It does not seem easy to get a new deal as we are non-resident in the UK! Perhaps I should just go onto SVR which is currently 4.74% (how much and often does this fluctuate?). Or maybe it is just easier to sell (but I am very reluctant to do this)?
Thanks for any advice!
Olly
0
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