Hi, my mortgage fixed rate is due to end in July and I have been shopping around for some new deals. My existing mortgage company has offered me a not so great rate so I feel the need to change. My property is worth approx £128,000.00 and the amount outstanding on my mortgage is £114,500.00. I have been searching products online mainly variable repayment mortgages and every mortgage company tells me there are no products suitable for my requirements. Am I likely to be able to change my mortgage?

Hi there,

You are looking at just under 90% loan to value. This means that you will struggle to find alternative mortgage deals out there.

However ther are options available, depending on your income, credit score etc, but they will be quite expensive, and may not be better than what your current lender are offering you.

The best thing to do is to have a chat with an independent mortgage broker. They will be able to compare what your current lender is offering you and see if there is anything better out there.

You are welcome to contact me on 0800 0112825 for an informal chat.

Kind regards

Dan