Halifax Mortgage Need Advice Please

decko

Hi, We currently have a £150,000 home with an outstanding mortgage of £34,000. We are currently in arrears due to a accident of £5000 which the building society have agreed a set payment for 6 months then the outstanding arrears will go onto the mortgage. We are currently paying £507 pcm over 15 years which we can manage ok but Ive been told we are paying way over the odds.. As anybody got any sound advice weather on moving the mortgage or which option is best, i would prefer a repayment then interest only.. thank you for your help

minimike2

Double post? *edit* Actually, Triple post.

There is already clear advice from a number of people that you go to CAB. I recommend you take that advice.

posting the same thing three times in different wording wont really bring any other solutions....

Conrad

You will only be able to consider a sub prime lender and thier rates could well be higher than the Halifax standard variable rate especially after any incentive teaser rate ends.

You mention your partner being on benefits on the other thread - such matters will have a bearing on any new lending decision especially where the mortgage is paid pou of benefits.

My gut feel is any new remortgage would not be ethical, in the eyes of the regulator, especially as the longer term rates with a sub prime lender will be higher than that the Halifax charges.