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| Sep 2024: Monthly Payment On £100k Mortgage (25yrs) | ||
|---|---|---|
| Rate | Interest Only | Repayment |
| 5.14 - 2 Year Tracker | £482.00 | £592.00 |
| 4.90 - 5 Year Fixed | £475.00 | £578.00 |
| 4.39 - No ERC 2 Year Tracker | £365.00 | £549.00 |
| 5.44 - 3 Year Fixed Rate | £453.00 | £610.00 |
| 5.20 - Offset 2 Year Fixed Rate | £595.00 | £433.00 |
| 6.99 - 7 Year Fixed Rate | £584.00 | £431.00 |
| 6.99 - 10 Year Fixed Rate | £584.00 | £431.00 |
| 5.14 - Lifetime Tracker | £482.00 | £592.00 |
If you are currently going through a divorce or seperation it is, in all likelihood, the home that is the most valuable joint asset. In many cases one of the two parties involved may wish to reatain the property and buy the other partner out, particularly if there are children to consider & not wishing to cause them further upheaval.
But often the concern is as to whether the option to keep the property is affordable for one person, we have found that many of our clients regard that it is not. But there are options such as low start, interest only & fixed rate remortgages that can give a bridge to help you get back on your feet.
Furthermore, in terms of your income, maintenance payments, tax credits & benefits can be consolidated towards your income to help you achieve the multiple you may need to buy out your former partner/spouse.
With interest rates currently at an all time low why not find out what Best Fixed Rate, Offset, Tracker & Flexible Mortgages are still available. There are some great deals out there still if you know where to look & our service covers the whole UK market to compare every mortgage available to you, as well as some exclusive deals. You could save £££s by remortgaging with the right deal whilst interest rates are still very low!
Always seek independent advice when considering your mortgages options. We will access the whole market to find you the best product for your circumstances.