Remortgaging

marcoeagle

My current deal with The Nationwide comes to an end and although the rate is low(2.5%) with a small part at 3.99%. I prefer the security of a fix rate deal so I know what I've got to pay each month. I'm also thinking of snowballing some other debts into the mortgage so I have one single payment to make(and then cut up the cards and keep our car for another 10 years!!) Current mortgage outstanding £202,000 with additional debts of about £25'000. Value of property about £500'000. My wife and I's joint income has probably gone down in real terms like everyone else and although I can comfortably pay the mortgage and other bits and pieces. If interest rates go sky high it would be a hammer blow.
Got a reasonable credit score with no missed payments or defaults. Any great deals for me and the wife out there?

Lifes_Grand_Plan

I'm no expert, but the Britannia 5 year "no fee" 2.79% fixed rate is the best 5 year fix out there at the moment I believe.

Max 60% LTV which it looks like you would have.

Thrugelmir

You may struggle to consolidate debts of that level into your mortgage.

So better option may be to stay as you are and review your household budget thoroughly.