Please help. Advice needed.

Craig_3

Hi guys.

I hope someone can point me in roughly the right direction.

I am looking to re-mortgage, but don't know where to go for the best and/or most complete advice, with the best chance of saving money.

As a rough guide, I have a split endowment/repayment mortgage of about £70k (approx 60/40 split - More on endowment). We went that route to alleviate the possible problem of the endowment not paying as much as expected.

Anyway, it has about 16 years left and we could doo with a better rate of interest. We currently pay 6.23%, and I am absolutely sure that we can get this lower.

Ideally, we need to up the mortgage to around £80-£85k in order to get the new car & motorbike that we so desperately need, and for it be discounted for a couple of years (until we stop paying out £300 a month in Nurdery fees for our daughter).

Has anyone any advice on whether we are looking at this the right way, or whether there's a cheaper way to get the extra £10-£15k, and where we should be looking in order to get the "official" advice.

Thanks.

Craig

herbiesjp

It all depends on your circumstances, but I think you should be able to get a rate far lower than what you are paying at present.