I currently own a property that I let out. It is on a standard variable rate and so before interest rates go up I want to try and fix it. Its obviously a buy to let mortgage. Im a little confused about how I go about getting a new product. Am I actually remortgaging?
In the comparison sites it asks my purpose for mortgage. Do I select remortgage. Also the term, I have had my place for 8 years now. Is it best to put it at 25 years again? I just want to fix it for say 4 years and carry on as I am. Which is 7 years into my 25 year term on repayment.
Any help would be great.
Regards
Jake
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