Remortgage - how much will I owe?

EppleBay

Hi there

I hope someone can help.

I took out a 5 year fixed mortgage at 2.68% (property purchase price £218k with a deposit of £68k therefore owing £150k). The first full payment came out in November 2015. When I come to remortgage how much will I owe? I am asking this question because I am trying to work out what salary I will need to be earning in order to cover the outstanding sum as I have travelled to a new part of the country and wages are much lower here. Also would I be able to remortgage with my partner included this time round?

Many thanks

AnotherJoe

It's impossible to know as you didn't state what your mortgage term was and if it's repayment.
The five year term is irrelevant all that means is, your interest rate is fixed for five years.
If it is repayment, go here and you'll be able to see.
No one can know if your partner can be added as you give no details, don't even know if they are earning or have debt issues, and you are talking about in four years time!!
Go and see a broker in four years time.

marksoton

EppleBay wrote: »

Hi there

I hope someone can help.

I took out a 5 year fixed mortgage at 2.68% (property purchase price £218k with a deposit of £68k therefore owing £150k). The first full payment came out in November 2015. When I come to remortgage how much will I owe? I am asking this question because I am trying to work out what salary I will need to be earning in order to cover the outstanding sum as I have travelled to a new part of the country and wages are much lower here. Also would I be able to remortgage with my partner included this time round?

Many thanks

Are you saying you no longer live in the property?

EppleBay

Thanks for your reply...

25 year mortgage term and it is repayment.

My partner is earning and has no debt issues.

Yes I know it is 4 years time but I think it always pays off to be prepared

EppleBay

marksoton - I still live in the property.