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Overpayment

CariadBe40 · 2015-01-24 13:51:09

Hi We are trying to re mortgage, currently on interest only on a variable rate. We want to switch over to a fixed re payment however we are finding this difficult because lenders are turning us down on affordability. They will however agree to a fixed rate on interest only. Our new plan is to get a fixed rate interest only…

Comments

getmore4less Posts: 46,882 Forumite

25 January 2015 at 8:21AM edited 25 January 2015 at 8:25AM

Current mortgage is £160k 4.74% £632pm interest only
wanted £160k 3.19% 25y £775pm repayment

Santander offered 3.69% over 33y £700pm repayment

Have you been saving/paying down your other debts by at least £150pm

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