Mortgage leaving Fixed rate how should I manage this?

kingstreet

Have you now shelved the plans to borrow more money?

On the face of it, leave the cheap part on the cheap rate and take the new tracker on the other bit.

If you can overpay one sub account in preference to the other, choose to overpay the one with the highest rate.

dprovan

shortchanged, the original figues were clarified after post 7 you actually come back and say in that case id actually be inclined to stick with the deal and then go on to make the x7 point..............

Kingstreet, when it gets confusing feel free to not contribute...With respect I do not think it is your place to summarise my posts... quite clearly I have decided not to progress with that possibility given my question in this post...And had I felt the previous questions were relevant I would have posted them...... This is quite a different question based on a different scenario as I have decided not to consolidate..... With respect your beahiour in linking previous conversations is the equivalent of someone following me around with a tape recorder and saying "remember you said this before"..... At best I would describe this as extremely rude if not quite obnoxious....

I asked for advice on the information provided and I do not require an advocate to provide information of my behalf.

As for your advice in your second post many thanks as this is what I asked for.........an oppinion to a scenario.

shortchanged_2

dprovan wrote: »

shortchanged, the original figues were clarified after post 7 you actually come back and say in that case id actually be inclined to stick with the deal and then go on to make the x7 point..............

I apologise I didn't recheck the figures which you had changed because I just read your post saying you had got them the wrong way around i.e the larger amount was actually on the better rate.

Therefore my statement to the 7x mortgage to income statement was assuming you were still taking about a mortgage of around £500,000.:)

dprovan

shortchanged, no need for an appology, I recognise that my original post was very confusing.


Once again, thank you for your help....

dimbo61

You have a good income of £70K a year but at the same time you also have a mortgage of £220K and unsecured debts of £30K so unless your OH has been on Mat leave you need to look at what you are spending each month and cut back

kingstreet

dprovan wrote: »

Kingstreet, when it gets confusing feel free to not contribute...With respect I do not think it is your place to summarise my posts... quite clearly I have decided not to progress with that possibility given my question in this post...And had I felt the previous questions were relevant I would have posted them...... This is quite a different question based on a different scenario as I have decided not to consolidate..... With respect your beahiour in linking previous conversations is the equivalent of someone following me around with a tape recorder and saying "remember you said this before"..... At best I would describe this as extremely rude if not quite obnoxious....

I asked for advice on the information provided and I do not require an advocate to provide information of my behalf.

As for your advice in your second post many thanks as this is what I asked for.........an oppinion to a scenario.

I'd hate to see what you though of it at worst, if that was your at best.

As I said, no offence was intended, but it is helpful in most scenarios to have the full picture. Lots of people do start new threads which follow-on from previous discussions.

As requested, I'll take no further part.

dprovan

kingstreet,

please enlighten me... What information did you gleen from the two threads you linked, that was not in my summary in this thread, which informed your advice:

"On the face of it, leave the cheap part on the cheap rate and take the new tracker on the other bit.

If you can overpay one sub account in preference to the other, choose to overpay the one with the highest rate. "

dimbo61 I am aware of this and that is why I am overpaying the debt.... However, did you actually have an oppinion re the original questions?

dimbo61

You have a great tracker deal for part 1 so keep that.
What to do with part2 ?
The mortgage balance was about £99K on the 1-1-2010 so its 15 months out of date!
Will the BOE base rate go back up the normal level of 5/6% in the next 3/4/5 years is the question
Now £98K at 3.09% costs about £568 a month ( 19 year term) but £99K ADDED the £1K fee) at 4.99% works out at £673 a month so if money is tight I would take the tracker but overpay at least £120 each month