xymenes
Apprentice
Joined: 30 Nov 2005
Posts: 5
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 Posted: 02/09/08 - 02:16 Post subject: |
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| Hi there! Lots of people nowadays make haste and go into the BTL market without making proper analisys. It often happens that lender cannot rent the apratment, and thus cannot pay back the mortgage. in a case like yours, I would go with remortgage. It’ll take you less time than to sell your property now and look for a new one. I think we both agree it can be a long and tiresome process. And who knows if you’ll be able to pay back the new mortgage. on the other side, remortgage doesn’t require moving home. You can either find a new lender or use the other service from the same lender. What you should look for is to reduce the size of repayments, or change the period of repayment or consolidate your debts. So, think about remortgage. I hope it will all go well for you. Take care! |
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