Property News · November 17, 2016

We may have to let our house next year – will that affect our remortgage?


My girlfriend and I want to move to the continent and wonder if we need to get a buy-to-let deal when remortgagingQ My girlfriend and I got our first mortgage of £205,000 on a house in February 2015. The mortgage has a 30-year term and an interest rate of 2.3%, making our monthly repayments £790. We have made great efforts to make overpayments so that we are in a better position when we remortgage early next year. We are looking at a remortgage of £186,000 which – assuming the house is then worth £300,000 – will mean that the LTV (loan to value) should be just over 60%. We are hoping to find a mortgage with a rate of 1%. Continue reading…

Source : theguardian.com
Read more…We may have to let our house next year – will that affect our remortgage?

You may also like...