switch mortgate

[mandimoo]

i owe approx 18500 over next 12 years and am currently being charged standard variable at 7.5%. closing admin fee is �40. been looking at comparison sites but bit confused as to what im asking them to look into. the choices of buy to let, remortgage (raise funds or debt consolidation), release equity (for elderly) dont seem to apply. can anyone point me in the right direction?

[factor-fiction]

I'm not clear what you are wanting to look into. Are you looking to stay in current property but try to reduce your payments or pay off your mortgage. Or sell it as buy to let, or sell it and get mortgage for a bigger property? Or something else?

[Ethel]

I think all you are trying to do is switch your mortgage - not raise extra funds.

I am by no means recommending Nationwide (nor objecting to it!) but their site is easy for a quick calculation for switching mortgage:

http://www.nationwide.co.uk/mortgage/default.h tm

[mandimoo]

cheers ethel, thats exactly what im trying to do

[Ethel]

Download and read the remortgage guide here:

http://www.moneysavingexpert.com/mortgages/

Good independent advice. :)