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Can I re mortgage through a broker
Beatle_Ray
Posts: 204 Forumite
Hello,
I have a mortgage with the Halifax which has ten years to run, there is approximately £103K left to pay and i estimate the property is worth £400K, I can't see us staying here the full ten years maybe half that but the house does need a little bit of work, new kitchen possibly, I also signed up to a new fixed rate deal in May for two years so my question is if I wanted to remortgage the property for a small sum, £10/£15K can I still do this and if so can a broker do this for me with the Halifax and is there a calculator to work out how much extra I'm likely to pay, i currently pay £925 pcm on i think 2.75%
Thanks for any response in advance
I have a mortgage with the Halifax which has ten years to run, there is approximately £103K left to pay and i estimate the property is worth £400K, I can't see us staying here the full ten years maybe half that but the house does need a little bit of work, new kitchen possibly, I also signed up to a new fixed rate deal in May for two years so my question is if I wanted to remortgage the property for a small sum, £10/£15K can I still do this and if so can a broker do this for me with the Halifax and is there a calculator to work out how much extra I'm likely to pay, i currently pay £925 pcm on i think 2.75%
Thanks for any response in advance
1
Comments
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You can do additional borrowing yes. If going via a broker expect to pay a fee as on a 10-15k mortgage the broker won't earn anything unless charging a fee0
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Yes you can, yes a broker can do it. You are looking to take your balance up 15%, so if you assume your payments will go up 15% ( to around £1,070) you won't be far out.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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