advice please

mumofthetwins

Hi Guys .. new to this forum but a DFW and Old styler


I was just hoping for a little advice.


my mortgage is up from its fixed rate soon and I can apply for a new deal in march, I currently owe around 34,500 and last valuation was 100,000 but since then I have had a two story side extension and orangery put onto the back of the house.
I am the only adult and hence only payee (at least its all mine though lol)
I do have a loan for around 13000 (on 7%) and a cc of around 6000 (on 0%) but I am trying to pay as much off these as possible to clear them. At present I pay £470 per month and there should be 7 years left on it when the deal ends.
I earn around £21000 with other income of around £13000 per year.
I would be able to pay more per month but with affordability checks im not sure if I would be able to reduce the term ...
I am planning on staying with my current provider but not sure if I would need to do all the valuations and checks again ..


any advice would be great Lisa x

YHM

If you change your rate with your current provider, then all the above is irrelevant. There wouldn't be any financial checks and generally, there shouldn't be another valuation.

mumofthetwins

YHM wrote: »

If you change your rate with your current provider, then all the above is irrelevant. There wouldn't be any financial checks and generally, there shouldn't be another valuation.

Thanks a million x