Remortgage at end of fixed term deal

Gladioli

Please be gentle with me and forgive my ignorance, but I don’treally know what to do and when, when my fixed term comes to an end and youtype anything like this into google and you get such differing responses.
My husband and I are due to remortgage in June of next year,by that I mean that our fix term of 5.99% is due to come to an end and I wouldlike to look for a better deal. Weinitially had a 95% mortgage however I really don’t know what our house would bevalued at now. We are probably hoveringaround the 90% mark however I don’t know if we would be. I base this on the fact, we have had externalwall insulation put in as well as a new bathroom. We bought the house for 103k and had amortgage of just shy of 98K, our last statement showed us owing around 94.5k(with just 15 months of repayments to make prior to remortgage). If they would agree the house was worth 2kmore we could hit the 90% mortgage. However this just feels like me plucking wishful figures from the air…. Howdo I find out?

The other question I have is how soon should I start lookingat mortgages? It seems such a long way away and prior to March I am going tohave some monies outstanding on a few credit cards, however by the end of March2016 these will all be paid off. Will havingoutstanding balances impact on our mortgage applications, should I wait to lookat mortgages until after these are paid off (logic says they will have animpact, is this right?)

I have never had an issue with getting any credit and havenever missed a payment etc, my husband however has not always been quite so diligent…. He thought the pay by dates were optional! (yes I did marry him … I know)however for the past 4.5 years (so 5.5 by the time our fixed rate is due tocome to an end) he has been really diligent, well I have been really diligentfor him and he has made every payment that is in his name on time. He also has a credit card that he just putspetrol on and pays it back in full every month. I assume his history will also affect our getting a mortgage still?

The final thing is that I have a lot of credit available tome (around 22k although could be higher on a 27k wage) should I start loweringthe limit on these cards now? I don’t needanywhere near that level of credit, it has just crept up.
Thank you very much for any responses.

dimbo61

How many credit cards do you have ?
This would not look good so reduce your credit cards to two. ( will help credit score)
Can you afford to overpay the mortgage every month ?
Do you have savings?
You can look at new deals in February/March next year but overpay every month if you can