Extension/Mortgage query

Aberdeen_Taff

Will investiagte the deal available again with First Active tomorrow as I wonder whether a tracker might be better. None of you guys aware of any good deals at all that might suit? Does the money for the extension have to be with First Active as well or is there a way to take the 55k with someone else?

Thrugelmir

Primary lenders will always require first charge on a property. So secondary lenders will always charge a premium for their funds. Which means that its always advisable to source money from just one lender.

Aberdeen_Taff

Thanks for that. RBS' offer of 2 year tracker at base + 1.49 isn't so very different from what I have now although it goes to 4% variable thereafter.

First Active failed to call me back twice today when I asked for someone to so none the wiser and very unimpressed!!

I think I am right in saying you guys strongly think I should just look at adeal for the 55k with first Active retaining the 125k at the 1.1 above base?

will call them again tomorrow and go through the whole thing again from scratch as the advisor who was dealing with me clearly isn't that keen on calling me back.

Thrugelmir

Aberdeen_Taff wrote: »

will call them again tomorrow and go through the whole thing again from scratch as the advisor who was dealing with me clearly isn't that keen on calling me back.

As your on a rate of 1.1% above base perhaps they are hoping you'll remortgage elsewhere.

Aberdeen_Taff

Other than the fixed rate offers I've mentioned they are offering a 2 year tracker at 4.19 for the extra #55k although they are offering a fix of 4.19 if i roll the money all in together and do away with the 1.1 aboves base.