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

Remortgage to a GOOD Fixed Rate

Hi All,

We Arelooking to Re-Mortgage and take some equity out of our house to pay off some other bills. Thes Best i have found for our ioint salary of £44040 is Abbey as they offer 4.2 x joint salary and a fixed rate of 4.99% for 5 years.
I think Abbey are the most generous with Income Multiplier anyone know any different ? Or seen anything better ? don`t mind fixing for upto 10 Years

Thanks

Trevsta

Learn from the mistakes of others - you won't live long enough to make them all yourself.

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    You can find cheaper rates but whetehr you will be eligible or not is a different matter.

    There are 4.89 5 year fixes and 4.99 ten year fixes.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
  • The_Trevsta
    The_Trevsta Posts: 22 Forumite
    4.99 with nationwide and abbey for 5 and 10 years so nothign really beats them i assume .10% isnt really that much different

    Learn from the mistakes of others - you won't live long enough to make them all yourself.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    There are cheaper rates, but if you need high multiples these seem to be the ones to go for.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.6K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.