Mortgage Consolidation HELP/ADVICE

pinkvodkas

HELLO

We currently have a mortgage with about £154K and we also have a first plus loan which is secured against out home of about £57K we are wanting to know the best way to consolidate our mortgage and loan ie remortgage etc.

Has anyone got any advice, should we contact a broker can anyone recommend one we are in york area.

Joint Income 47K

JoeK_3

You need to post more information to help us assess the best way forward.

Property value?
Mortgage interest rate?
Any redemption penalties on your mortgage?
What term is the First plus loan over?
What interest rate are paying?

Regards

JoeK

pinkvodkas

Hi

Value of house i would say £210 other on our street are priced £219 - £220.
Mortgage rate 5.79%
Plenty on Mortgage £7,500
First Plus Loan - 300 Months 9%

Thanks

Pinkvodkas

Mr_helpful

You could ask existing lender for a further advance (withy no redemption penalties) until mortgage is out of penalty and then remortgage the whole lot but it wouldnt be likely to be a massive saving as further advance likely to be standard variable rate.
Best thing to do is search for whole of market no fffes broker. Google should help.