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Purple_rob
23-04-2009, 20:02
Anyone an expert and can offer some sound advise to a chap in hard times :D
Sy5GTT
23-04-2009, 20:06
What, do you want a new mortgage?
Sy5GTT
23-04-2009, 20:13
http://www.thisismoney.co.uk/homes

May be some use?
Purple_rob
23-04-2009, 22:12
I'm paying a rediculous % in this current climate as I am on a fixed rate but want to know if its worth my while re mortgaging.
blue mackay
23-04-2009, 22:44
I'm paying a rediculous % in this current climate as I am on a fixed rate but want to know if its worth my while re mortgaging.

i would like to know the same as my morgage is up for renewal soon,but was thinking is it worth moving on to a tracker??????
:confused:
Sparkie
23-04-2009, 23:28
and im selling cars and bits to get a deposit, so i can get a mortgage. :cry:
Sy5GTT
24-04-2009, 10:52
I've just got the go ahead for a re-mortgage with the Halifax. My mortgage is £350 a month at the mo, Halifax want £650 on a re-payment. I'm waiting as a 20% pay cut starts for me in May:(. You may find the Banks offer better rates in June/July. It depends how much you want to borrow against the current price of your house (LTV). Anything over 75% LTV and your like me (damn house prices are lower than you think) and get a rate offered of 5.79% :eek:.
Rob1980
26-04-2009, 00:51
i would like to know the same as my morgage is up for renewal soon,but was thinking is it worth moving on to a tracker??????
:confused:


Not now, no. The best tracker you can get is about 2.5% above the base rate. While this is very low at the moment it can only go up and it will. My Girlfriend has a tracker at 0.34% below the base rate with no bottom limit so her repayment on a 3 bed detached house is £31 a month!! She still pays the same though and her capital is dropping fast. She is a chartered accountant so money and investing is obviously something she is good at.

Currently the way forward is repayment. If you can get a 25% deposit or you already have this in your property thn you can get a rate very close to 3%. I am up for remortgage in June and this is the option that I will chose.
Marcus
26-04-2009, 21:00
Before you can do anything you need to find out how much its going to cost to leave your current deal, then you can do the maths against other products that are available, also you need to have a decent amount of equity in the property to get a half decent deal :)