It can affect individual a lot

Increased interest rates = bigger payments

But there’s also your equity percentage.
Whenever you try and remortgage you get lower rates for more equity.

If you try and remortgage with negative equity no one will lend so you’ll have to stay with your existing lender who will probably move you to standard variable rate. At which point you’re royally f**ked…..

Posted By: matgore, Jun 27, 12:43:37