General Discussion: Property


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deuce
deuce avatar

13539 posts since 21/1/08

5 Apr 2018 13:57
Mookie_blaylock wrote: Some brokers don't charge a fee, they get paid by the lender.
yep, we didnt pay ours. was a godsend
bungleski
bungleski avatar

185 posts since 21/7/11

5 Apr 2018 19:30
My fixed rate mortgage ends in January (current rate 1.74%). Brought the house in a bit of a state and slowly been doing it up, but could really do with an extra 6k to finish it off in time for summer. Can I just wack it on a 0% credit card then re fix my mortgage with extra borrowing to cover this? Or would I be better speaking with my mortgage provider first? Property value is around £215,000 current mortgage is £138,000.
Mookie_blaylock
Mookie_blaylock avatar

1552 posts since 19/7/06

6 Apr 2018 13:22
bungleski of course you can, provided that your credit score is good enough.

If I were you though, I would take a 0% Credit card or two (you shoud be able to get up to 28 months depending on your circumstances) and at the end of the interest-free period, just do a balance transfer and repeat this process until you can afford topay the £6k off. You will end up paying much less this way.

At the end of the day it is 6k, not 60k so you should hopefully be able to clear this off in 3-4 years IMO.
bungleski
bungleski avatar

185 posts since 21/7/11

6 Apr 2018 14:38
Mookie_blaylock wrote: bungleski of course you can, provided that your credit score is good enough.

If I were you though, I would take a 0% Credit card or two (you shoud be able to get up to 28 months depending on your circumstances) and at the end of the interest-free period, just do a balance transfer and repeat this process until you can afford topay the £6k off. You will end up paying much less this way.

At the end of the day it is 6k, not 60k so you should hopefully be able to clear this off in 3-4 years IMO.

Yeah no issues with the credit score last time I checked. Was looking at the mortgage route as I’d rather have longer term debt in one place, but makes financial sense doing the 0% switching. Cheers
m15try
m15try avatar

1213 posts since 18/8/09

12 May 2018 19:46
Any reccs for a conveyancing lawyer and good surveyor (London-based?)