We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Problems Remortgaging Under New Lending Rules
MentalMinnie
Posts: 814 Forumite
Just wondered if anyone had struggled to remortgage since those new lending rules came in to place last year? We aren't due to remortgage for another 12 months but our FTB mortgage was approved before those rules came in to affect. I'm already worrying that we won't be able to remortgage!
0
Comments
-
The new rules are impacting new lending more than existing borrowers. What is causing you concern?0
-
I'm a born worrier unfortunately! I don't want to be stuck with our mortgage after the fixed term ends, I want to be able to remortgage and get a good deal and hopefully knock a few years off the mortgage.0
-
Worse case scenario is that you would be stuck withyour current lender and then whatever retention products they have.
You cant worry about switching your mortgage otherwise your going to be worrying every 2-3 years for the next 20-30 years!I am a Mortgage AdviserYou 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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards