Property News · July 3, 2023

Do we have any remortgage options beyond the standard variable rate?


Our fixed term expires in a year and I fear we will not meet affordability checks for new dealQ My wife and I bought a house four years ago. We were lucky to have been given a large amount of money by our parents, so we had a big deposit of 40% and still had enough left to do a lot of work to the house (which badly needed it). So, when we come to remortgage, we will need a loan of about half the current value of the house.Even with a large deposit, we still needed to borrow as much as we could, which was five times our combined salary. Since then we’ve gone from one to three kids, and my wife has finished a well-paid contract, without much prospect of another one to replace it any time soon. Continue reading…

Source : theguardian.com
Read more…Do we have any remortgage options beyond the standard variable rate?

You may also like...