Remortgage - good or bad idea?

Skyfire

Skyfire

Skyfire

Permabanned
Joined
28 Jul 2005
Posts
768
I have a house worth 50k. I want to remortage it for 40K at say 5% interest, does this mean that if house prices go up I would be paying back 40K+5% interest + new value of the house or just the 40K+5%? :) Also, does it mean legal fees or not? :)
 
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