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Re-mortage questions
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nattybuk
Posts: 52 Forumite
Hi,
We completed on our first home in August two year fixed mortage. Circumstances have favoured us since taking our mortage application pay rise and partner is out of her probationary period at work.
I’m looking at changing my car which will cost more a month that my current car. Question is when we come to remortgage it will be a 70% mortage not 85%.
How will a new car affect our remortgage in 20 months time?
We completed on our first home in August two year fixed mortage. Circumstances have favoured us since taking our mortage application pay rise and partner is out of her probationary period at work.
I’m looking at changing my car which will cost more a month that my current car. Question is when we come to remortgage it will be a 70% mortage not 85%.
How will a new car affect our remortgage in 20 months time?
0
Comments
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Are you paying cash for the car? Credit card? Loan? PCP? Car finance?Mortgage started 2020, aiming to clear 31/12/2029.0
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PCP with large balloon after 48 months0
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as with any mortgage decision it will be based on affordability, generally any debt will reduce the amount you borrow, try the lender calculators for remortgaging to see for yourself."It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
It wont affect your remortgage if you stay with your current lender and fix a new deal. If you want to go out to other lenders then they will assess you on affordability but as you say you are earning more money now.0
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