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Undecided about remortgage
ITBarbie60
Posts: 4 Newbie
Hi
We currently pay a variable repayment mortgage at 2.6% which is about £780 per month. We owe £127k and have 17 years left
I wanted to enquire about securing a rate for 5 years and maybe raise a little extra to do some work to the property.
The IFA has advised me on a re-mortgage with natwest on 2.9% and to raise £135k take it out for 24 year term by over pay to keep on track for 17 year pay back.
If I can only raise 6k I might not bother or would securing a rate now for 5 years be nutty to turn down?
Thanks for looking
We currently pay a variable repayment mortgage at 2.6% which is about £780 per month. We owe £127k and have 17 years left
I wanted to enquire about securing a rate for 5 years and maybe raise a little extra to do some work to the property.
The IFA has advised me on a re-mortgage with natwest on 2.9% and to raise £135k take it out for 24 year term by over pay to keep on track for 17 year pay back.
If I can only raise 6k I might not bother or would securing a rate now for 5 years be nutty to turn down?
Thanks for looking
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