Help - Working out an equivalent rate from 2 seperate products

1978

Morning all, I found out yesterday that part of our mortgage is dropping to +0.99 above BOE base come March (thanks to MSE for prompting me to ring and check), and the other part is dropping to the lenders SVR come May.

This appears to be beyond any shadow of doubt better than any deal i can get at the moment.

My questions are - When rates eventually do change (upwards), I'll be looking to merge both products and get a fixed rate. Is there anywhere where I can work out how much the rate would have to increase for me to consider doing this? I guess as I have two different products, the answer I was looking for could fluctuate over time, but any help would be appreciated.

Also - is there a simple way to work out what rate i'm paying overall, if say i'm paying £30k at 2.49% and £55k at 4.85%?

Many thanks.

payless

4.017%............

payless

calculated by ( so you can do own sums when it changes)


30/85 X 2.49
+
55/85 X 4.85