My big concern is that I will struggle to get a remortgage

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
Post Reply
 
 

Bradley05

User avatar
Posts: 3
Joined: Wed May 30, 2012 3:24 pm
Location: United Kingdom
Post by Bradley05 » Wed May 30, 2012 8:46 pm
Quote
i have a 5 year fixed mortgage but what my big concern is when it comes to an end i will struggle to get a remortgage i am currently at 80per cent LTV,is it possible to stay with my current lender and drop on to the standard variable rate in 5 years time or would the nat west try and get rid me, please help has i have 30k of debt and things are very hard with 3 young kids and a wife to support..? any help please
s price
Top
 
 

lem

User avatar
Posts: 2753
Joined: Tue Nov 09, 2010 9:56 am
Location:
Post by lem » Wed May 30, 2012 8:48 pm
Quote
Hi Bradley, I don't think you would be able to remortgage but you should be able to go onto your lenders SVR with no issues
Top
 
 

ginger3232

User avatar
Posts: 2610
Joined: Tue Jan 11, 2011 4:06 pm
Location: United Kingdom
Post by ginger3232 » Wed May 30, 2012 8:51 pm
Quote
Bradley - welcome to the forum

Usually after the end of a fixed rate the mortgage will revert to SVR (at the moment this is slightly lower) however the interest rate is gradually increasing, As long as you continue your contractual payments and mortgage obligation there should not be an issue

How much longer have you on fixed rate ??
Top
Post Reply
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”