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Mortgage & Loans help

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pinkvodkas
pinkvodkas Posts: 15 Forumite
in Mortgages & endowments
Hi everyone

i am very new to all this so not quite sure how it works but going to try and give it ago

We have a mortage for £153,000 and we have also taken out a First Plus loan £57,000 which is secured on our house, i am wanting to remortage and get rid of first plus, but not quite sure how i go about this and is it possible when we have a loan secured on our house, i now no it was a stupid thing to do.

Any help/advice would be great.

Many Thanks

Pinkvodkas :confused:
"I'm on a mission to try and combat my debt"
Mortgage - £155K
Loan 1 - £30K
:eek: :j

Comments

  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    how much is your house worth - bearing in mind what others in your road, locality have been selling for?
    you can check on https://www..nethouseprices.co.uk
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
  • pinkvodkas
    pinkvodkas Posts: 15 Forumite
    Hi

    house worth £220,000 i would say

    Thanks for replying
    "I'm on a mission to try and combat my debt"
    Mortgage - £155K
    Loan 1 - £30K
    :eek: :j
  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    are you on a fixed rate with your mortgage and when does it expire?
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
  • pinkvodkas
    pinkvodkas Posts: 15 Forumite
    yes we are on a fix rate expires 2010 but didnt want to wait till then, as we are needing to get rid of this first plus loan
    "I'm on a mission to try and combat my debt"
    Mortgage - £155K
    Loan 1 - £30K
    :eek: :j
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