First remortgage question & putting second name on

d0nkeyk0ng

Probably just simple questions but I need clarification. FTB - bought first house over 18 months ago. 2 year fixed mortgage based on 10% deposit. The fixed period is due to expire 1st March.

1. From reading, either I can stay with current mortgage provider or switch. When do i start looking for a new provider? I would use my mortgage advisor that i used last time around.

2. Switching to a new product means full credit checks including 3 monthbank statements. I'm keen to minimise outgoings but when should I start? October, November or December?

3. I've since gotten married. How do I go about putting my wife on the title deeds and/or mortgage as an additional name? Do I need to instruct a solicitor?

Kjd123

Pretty sure you'll need to instruct a solicitor.

amnblog

If you are not concerned about having the best deal available and prefer to stick with your current lender you can simply contact your previous mortgage advisor.

For a broader set of options and service, engage an independent mortgage broker.

You do need a solicitor to add your wife to the deeds which your broker will organise.

You don't need to 'minimise' your outgoings - any new mortgage application is assessed by underwriters not forensic scientists (currently).

d0nkeyk0ng

My current rate is 3.69% based on 90% LTV. Looking at the calculations, I should at/under 85% LTV plus there's a drop in interest rates, so lower payments mean I can make overpayments to reduce capital which is my plan.

Thanks for all the advice. Much appreciated.