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why is everyone so anti consolidation?

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Comments

  • Letter from mortgage company arrived today

    They will lend £52,000 with a fee of £1282 on the agreement that the mortgage is recut to 20 years so my total morgage outgoings are broadly flat (actually up £40)

    I would then need to pay £495 if I wish to put that part of the mortgaqge on a product or could leave on Standard Variable Rate

    decision to be made. Just wish we could borrow less - like 30k and then clear the expensive credit without the 1282 of dead money fee and also ensuring enough big debt to keep us totally focussed (which I genuinely believbe we will)

    lisa
  • Linda1971
    Linda1971 Posts: 186 Forumite
    Part of the Furniture Combo Breaker
    Lisa

    I have sent you a PM.

    Linda
  • Thanks Linda

    That was my first PM so got myself confused - sorry

    Great point but not sure If i can take advantage......if I could I would without a second thought

    lisa
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