Mortage adivce

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james.c

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Post by james.c » Thu Feb 14, 2008 12:32 am
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Me and my partner are looking at living together now.

I rent, she owns her own property.

Money wise alots going to change over the next few months.

But wondering if soem one could help with this.

She as a fixed rate mortage all in her name which finishes in August and is interest only, and pays £340.00 a month and owes £73k, if she went back to a repyment mortgage over 25 years, how much would this cost a month.

Please bear in mind this as nothing to do with my IVA, she as not debts and a good credit history, its just to help us to decide what to do for the best
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MelanieGiles

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Post by MelanieGiles » Thu Feb 14, 2008 1:14 am
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James

You need to take specific advice from either the mortgage company directly (should find out in a quick phone call) or an indpendent financial advisor on that point.
Regards, Melanie Giles, Insolvency Practitioner
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Welsh Boy

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Post by Welsh Boy » Thu Feb 14, 2008 8:15 am
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james.c

What I would suggest is your partner contact her current lender approx. 8 weeks before the end of the fixed rate and discuss her options with them.

They will let her know what is available to her at that particular time and explain the option to convert to a repayment mortgage if that is what she wanted to do.Tony
F.P.C. 1,2,3 Qualified
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