having a right problem getting a remortgage

Discussion in 'Bulletin Board ARCHIVE' started by ryhilltyke, Jun 9, 2008.

  1. ryhilltyke

    ryhilltyke Well-Known Member

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    my current lenders won't offer me a fixed rate, and my financial advisor says he can't get one anywhere suitable to me. the problem is when i finish this fixed rate, my mortgage will go up £87 a month.
    any ideas anyone, much appreciated, thanks
     
    ryhilltyke, Jun 9, 2008
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  2. kanecat

    kanecat Banned Idiot

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    Hiyer Darryl. Go and see a mortgage broker.
    The criteria for lending has changed drastically over the last few months. The Loan To Value on fixed and capped rate products has decreased dramatically, it's now typically 80% whereas before you could get a decent fixed rate on a 95% mortgage. Changing lenders may be a problem as i said before the lending criteria has changed and not for the better if you have a big mortgage or not/any equity in your home
     
    kanecat, Jun 9, 2008
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  3. jre

    jrenshaw Active Member

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    jrenshaw, Jun 9, 2008
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  4. ryhilltyke

    ryhilltyke Well-Known Member

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    my problem is, i've had the mortgage just 2 years

    and with house prices coming down, my equity will be minimal
     
    ryhilltyke, Jun 9, 2008
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  5. kanecat

    kanecat Banned Idiot

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    RE: my problem is, i've had the mortgage just 2 years

    I'm in same boat as you but luckily my fixed rate doesn't expire until next year. Praying that things pick up by then. Not a nice situation to be in is it? I'd make an appointment with a broker, that's your best bet.
    You might remember me Darryl from many years ago, you used to work in the Post Office at Crofton with my Mum Sylvia
     
    kanecat, Jun 9, 2008
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  6. mar

    markstokes New Member

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    markstokes, Jun 9, 2008
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  7. Sta

    Stahlrost Well-Known Member

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    Stahlrost, Jun 9, 2008
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  8. ryhilltyke

    ryhilltyke Well-Known Member

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    kanecat which one are you, hows richard nt
     
    ryhilltyke, Jun 9, 2008
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  9. kanecat

    kanecat Banned Idiot

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    RE: kanecat which one are you, hows richard nt

    Lindsay, the youngest. What can i say about our Richard? Lets just say the same!!
     
    kanecat, Jun 9, 2008
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  10. ryhilltyke

    ryhilltyke Well-Known Member

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    sent you pm nt
     
    ryhilltyke, Jun 9, 2008
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  11. tob

    tobes Active Member

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    lucky you that it's only going up by 86 a month...!
     
    tobes, Jun 9, 2008
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  12. ryhilltyke

    ryhilltyke Well-Known Member

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    don't feel lucky tobes lol, might not make a difference soon,if i lose my job nt
     
    ryhilltyke, Jun 9, 2008
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  13. Ome

    Omen Well-Known Member

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    try the sterling consortium

    i hear they will lend you it for a decent rate.....

    lol - joking aside

    im with ING Direct. They only do a variable rate but when i remortgaged the fixed rates were miles above the variable so went with that - also £0 to get in and out of and no early repayment fees (i wish).
     
    Omen, Jun 9, 2008
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