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
My first remortgage
dutluk2001
Posts: 16 Forumite
hi all, ive been in my first home for nearly two year now and its finally come to the point that i can remortgage, i'm after some advice on where to go.
currently owe 143,000 with a property value of 200,000 (the price i paid) so around 72% ltv. my current rate is 3.19% with repayments at £735
ive got a telephone appointment on Tuesday with a mortgage adviser, but today received a letter from my current provider Barclays saying i can switch easily online without the need for all the checks ect...
they are offering me fixed @ 1.69% for 2yrs @£625 (£499 fee) or tracker @ 1.49%+base for 2 yrs @£640 (£0 fee)
do these sound like competitive rates?
im abit worried about the whole remortgage process, having a new baby and my wife being made redundant on maternity leave, my bank isn't the healthiest. is it better to be safe than sorry and stick with the offers they provide or to take a risk. The mortgage only in my name but they'll notice ive taken on another set of bills.
any advice would be appreciated
currently owe 143,000 with a property value of 200,000 (the price i paid) so around 72% ltv. my current rate is 3.19% with repayments at £735
ive got a telephone appointment on Tuesday with a mortgage adviser, but today received a letter from my current provider Barclays saying i can switch easily online without the need for all the checks ect...
they are offering me fixed @ 1.69% for 2yrs @£625 (£499 fee) or tracker @ 1.49%+base for 2 yrs @£640 (£0 fee)
do these sound like competitive rates?
im abit worried about the whole remortgage process, having a new baby and my wife being made redundant on maternity leave, my bank isn't the healthiest. is it better to be safe than sorry and stick with the offers they provide or to take a risk. The mortgage only in my name but they'll notice ive taken on another set of bills.
any advice would be appreciated
0
Comments
-
Speak to the broker they will do a full fact find and check affordability for you and can source options before doing AIP's.
The rate isn't bad but there is better available.I am a Mortgage & Protection Broker
MSE doesn't check my status so you have to take my word for it. Any information posted is for discussion only and should not be seen as advice. I am FCA Registered, registration details available on request.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards