Hi i was hoping for some advice about re-mortgaging my house.
My house is prob worth about £140,000 and i have a mortgage for £103,500.
I would like to fix my mortgage for as long as possible really as i am off to Australia soon and my mum is going to live in my house.
I dont want a buy to let mortgage and i want to keep it simple.
One of the reasons i want to lock in as long as possible is because i worry about re-mortgaging in the future due to no longer working or living in this country and i want a some time to get my career going again before i have to worry about my place in the UK.
I have done some comparisons which suggests the 5 year deal with the post office might be the best.
I am after a repayment mortgage over 25 years. The only issue with the post office is its fixed at one rate for a few years and then ups to nearly another £100 a month for the remainder.
I would rather it keep a steady rate throughout so the repayment are the same throughout the term.
Any advice would be amazing.
Thanks guys
My house is prob worth about £140,000 and i have a mortgage for £103,500.
I would like to fix my mortgage for as long as possible really as i am off to Australia soon and my mum is going to live in my house.
I dont want a buy to let mortgage and i want to keep it simple.
One of the reasons i want to lock in as long as possible is because i worry about re-mortgaging in the future due to no longer working or living in this country and i want a some time to get my career going again before i have to worry about my place in the UK.
I have done some comparisons which suggests the 5 year deal with the post office might be the best.
I am after a repayment mortgage over 25 years. The only issue with the post office is its fixed at one rate for a few years and then ups to nearly another £100 a month for the remainder.
I would rather it keep a steady rate throughout so the repayment are the same throughout the term.
Any advice would be amazing.
Thanks guys