Thomas asks…
which building society are offering best remortgage deals?
admin answers:
contact us for a independent remortgage quote it’s always a good start for a rough guide.
Mary asks…
best remortgage deals for senior citizen?
admin answers:
Some of the best refinancing deals for senior citizens are reverse mortgages. These are where instead of you making payments on the mortgage, the lender makes payments to you. Follow the link to learn more about a reverse mortgage.
Jenny asks…
what is the best remortgage deal out at the minute?
admin answers:
If you are looking for a low rate only, I would go with an adjustable rate mortgage. It is only for about 3 years but it gives you about a 5.5% interest rate. It is said that the rates should be hitting another low peak in about two years. This will give you the lowest rate out there right now and still help you with the interest deduction.
Chris asks…
will i have to pay 2 monthly mortgage payments?
I am due to remortgage for a better deal and was wondering if I will have to pay a repayment to my old and new lender in one month ?
I have not remortgaged before and I normally make my payments on the first of every month and I know the solicitor said the remortgage should take place today, i have noticed my old lender is asking for a bigger than normal payment on monday but i thought this would have been included in my redemption figure and payed off then ?
admin answers:
I suspect that the higher amount your existing mortgage company is asking for includes a redemption fee. Check this with your solicitor.
If you have selected the 1st of the month for your payments with the new mortgage company, your 1st payment will not be due untill the 1st of november.
Susan asks…
How do banks do valuation of property at the time of remortgaging?
Hi, I am at the end of my fixed rate deal and looking to remortgage. but when I bought the house the market was on peak and now due to recession there might be some decrease in property value, don’t know for sure how much. My existing provider Natwest seems to be offering one good deal which is for 10% deposit (which is what I put when I bought this house 2 years ago) as per what I can see on their website, but my confusion is, because I am their existing customer, will they again try to re valuate my property or not? or will they directly consider my 10% deposit paid 2 years ago as it is and offer me new deal? This is providing my property is same condition as it was before.
admin answers:
You really ought to discuss this with them, but they should, as a matter of prudence, revalue your house as it stands now to relate to the new mortgage.
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