mortgage advice

mcowan77

folks

looking some advice please

currently have NR together mortgage...fixed rate period finished march 09....now on SVR

house value is around 90k

mortgage is as follows:
57,144 - 4.78% - mortgage
3,723 - 3.99% - secured loan
4,263 - 4.44% - secured loan
11,109 - 4.78% -unsecured loan
total - 76k

26 yrs remaning


will i get a better deal anywhere else?

many thanks

mick

kinglewis

You would need a remortgage at over 85% ltv so would need one to allow 90% ltv.

I would have thought you would be looking at between 6 and 7% plus a hefty arrangment fee.

Stay where you are and pay as much as you can before the rates go back up!!

dimbo61

Beaware that if you move lender for the mortgage that NR will up the rates on the secured and unsecured loans
So if you can overpay the 2 secured loans first then the unsecured loan

happybroker

the loan to value is just below 85% (84.71% I make it) so assuming the valuation came in ok there would be a fair choice of rates and may make a small saving. I am assuming you would be lumping the whole lot together (pardon the pun) as they will no doubt all be over the same term anyway.

do your research though and also speak to a whole of market broker, you will really need to crunch the numbers to see if a saving is possible when fees etc are taken into account.

mcowan77

cheers folks

i didnt realise NR would up the rate on the extra loans if i moved...shocking