Remortgage Payment Expectations

Posted on 12 November 2011 by Mike


 I have been paying my mortgage of £821 for 2 years, I owe £144000. What should I be expecting payment and time wise when I remortgage?

Mike

There are so many variables that determine want you end up paying each month that this is an impossible question to answer.  The rate that you pay will depend on the loan to value, whether you take a fixed, tracker or discount mortgage and whether you opt for a high fee low rate or low fee higher rate.  The monthly payment will then depend on whether you take an interest only mortgage or repay capital and interest each month.  If you choose the latter then it will also depend on the term of the mortgage.

Please call 0344 346 3672 to speak to one of our independent mortgage consultants, they will then be able to take the details and advise you on your situation.

Peter

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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