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1 Mortgage, 2 Products - Help Please
pdbsafc
Posts: 3 Newbie
After your thoughts please. I had a fixed 2 yr mortgage before I moved house in Nov '07. Because the product still had 15 months to run A&L kept that one running and give us a similar product for the remainder of the balance on the new house. Roughly ended up at approx £72k per product.
My dilemma now is that the first product is about to run out (end of Feb), I am unable to combine the two products as the second one does not run out until the end of August.
A&L state that the house would now require a LTV above 90% so I am being placed on their SVR of 5.09% which saves me a whopping £25 a month.
Do I wait the six months until the 2nd product runs out and keep fingers crossed that the housing market picks up then remortgage or do I remortgage the fist product - if I do this would I need to revise my mortgage protection etc?
Help!!
My dilemma now is that the first product is about to run out (end of Feb), I am unable to combine the two products as the second one does not run out until the end of August.
A&L state that the house would now require a LTV above 90% so I am being placed on their SVR of 5.09% which saves me a whopping £25 a month.
Do I wait the six months until the 2nd product runs out and keep fingers crossed that the housing market picks up then remortgage or do I remortgage the fist product - if I do this would I need to revise my mortgage protection etc?
Help!!
0
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