Re-Mortgage to pay off £16,000 ?

unc221022

Thanks for the response again. Much appreciated.

The mortgage is split into two parts:-

1)

Repayment (16ys 8 months left) @ 5.89% = £271.33 pcm
Current Balance £48393.53

2)

Repayment (16ys 8 months left) @ 5.89% = £126.70 pcm
Current Balance £22598.05

Details of mortgage (applies to (1) and (2):-

"A variable rate, which is 0.95% above our Base Rate (currently 0.5%) to give a current rate payable of 1.45% applies to this loan" -NB Not fixed as I first thought :-/

I really need to deal with the high APR of the Barclays Select loan and OD.

Thanks for your guidance.

Unc221022