We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
To remortgage or not??????
Comments
-
i know some one who is in between work and he want re mortgage his prop is it advisable as paying std rate at present as fixed has ended0
-
I would do some more numbers to check based on this senario
max out the payments on 1, low as possible on 2,3,
see if you can get back the ones on 3 and over pay 1 even more.
check the policy to get a retention deal on 1(without 2,3) when the ERC runs out(it might change).
if the numbers say stay as is review every few months and be ready for when the ERC runs out.
How much could you afford if rates move up?0 -
Sounds like it will take you 18 months to find out if it was a good idea.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards