Can i remortgage during fixed rate extent?
Answers:
by "fixed rate period" i reason you are referring to a retention.
yes, but you'll be subject to prohibative penalties that will be higher than any benefit you would own received over the life of the fixed rate and following retention period.
They arrange it so that its not worth it until your retention term is up.
Providing you use the same lender and the amount borrowed isn't smaller quantity than your current mortgage they should let you move the fixed rate to your new mortgage. I did like peas in a pod thing last year when I moved home.
Yes. Althought you don't want to do it if there are conditions that might make you a worse credit risk - such as un-employed.
You can maybe do that and get some cash out within equity too.
I did that to buy some new property before I'd sold my matured one (this one wasn't waiting on contigencies).
Figure the amount of interest you have remaining to pay at the current rate. The charges, fees, and points to re-finance and supply that to your new interest charges over the lifetime of the new loan - to see if it's worth it.
If you want to take a shorter-term mortgage, you might be better off.paying the exising one loan down with the highly developed payments that a shorter term loan would require.
You will need to check with the lender, you can extend the loan near the same lender ( take more money ) but if you want to move to another lender you might want to pay a redemption fee which can be drastically expensive.
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