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remorgage or not to remorgage with northern rock
cazajimbob01
Posts: 3 Newbie
we have been with northern rock for nearly 5 years now and our morgage has gone up so much its silly to pay for the house we are in. do we remorgage with someone else or stay with northern rock, sell up and rent we have no idea what to do, the only thing we do know is that paying nearly £800.00 a month on a 3 bedrrom town house is silly. can any1 suggest what we could do, we have no clue about how to go about remorgaging, this is the first house i have bought. could some1 suggest what we do
thanks carol
thanks carol
0
Comments
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Speak to a broker and get professional advice. Read through Martins advice http://www.moneysavingexpert.com/mortgages/remortgage-guide and then you will know a lot more than you do now. Self education really does pay off in the long term as it can help you become more aware and help yopu avoid making painful mistakes.Don't lie, thieve, cheat or steal. The Government do not like the competition.
The Lord Giveth and the Government Taketh Away.
I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)0 -
Hi Carol
Welcome to the board
DO you know if you are still tied in to NR? Did you take out a fixed rate that has now expired, and you have been put on to a standard variable rate?
If you are not tied in, your best bet is to look for a new lender, as due to their problems, NR do not have any competitive deals at present.
What is the property value? What is the mortgage amount?I am a Mortgage AdviserYou 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.0
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