Should I redeem my Mortgage Express mortgage?Make Text Bigger
I currently have a mortgage on a London flat which I purchased 9 years. The flat is now worth about £160K – £170K and my outstanding mortgage is just below £100,000.
My lender is Mortgage Express and although I would like to re-mortgage with them to pull out equity from the property I cant because they no longer lend.
I’m currently on 2.5% variable which is low compared to what’s obtainable out there these days.
I have been looking around for a lender to re-mortgage with but none seem to be able to offer a rate as good as Mortgage Express….. plus I’m looking for a lender who’ll consider the fact that I work as an IT contractor.
I feel trapped with Mortgage Express and I don’t intend to sell the property 🙁
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