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
Re-mortage questions
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
-
Are you paying cash for the car? Credit card? Loan? PCP? Car finance?Mortgage started 2020, aiming to clear 31/12/2029.0
-
PCP with large balloon after 48 months0
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards