Help asap

crazy7

Our mortgage rate runs out soon and I have been looking,we need to borrow an extra 5000 on top of the £73,000 owed, we are looking at taking this over 22 yrs, and on a tracker what I would like to know is which seems to be the best mortage to go for Woolich look good but they use the Barclays base rate to track against, any one recommend would be much appreciated

minimike2

Barclays Base rate is the BoE base rate, they just make any alterations on the 1st of the following month rather than on base rate decision day.

Without knowing the LTV and your income we cant really help....do you want to give us your figures and we will see what we can do - i.e Property value, incomes, credit history, inside leg......

grogdog

if you are with the woolwich they are ok, but you nees to do further advance firast then remortgage.

crazy7

Yes details are as follows house is worth about £165,000 we earn around £36,000 between us, we have good credit and have never missed a payment, and we owe about £8000 between c/c and car loan, hope this helps and my inside leg is 33"

minimike2

With those figures I cant see it being a problem getting a mortgage anywhere to be honest. Not sure Woolwich would be the cheapest, but you would need to go direct to them for the best deal. Brokers arent getting anything anywhere near as good as what they offer direct.

I would seek some advice from a broker, see who your friends / family recommend, and check out some direct lender deals on moneyfacts - see what comes up best. Or, pay a broker who also looks at direct deals.