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Remortgaging to consolidate debt. Fixedor Standard variable?

Burchy · 2013-12-19 13:22:57

I'm looking to consolidate about £10000of debt within my mortgage. My current provider (TSB) will allow me to do this as an add on to my mortgage at a rate of 5.89% (£84 pcm) fixed for 2 years, while keeping my my main mortgage (£73,950) on a standard variable rate of 2.5%. This eqates to a total monthly mortgage payment…

Comments

dimbo61 Posts: 13,727 Forumite

20 December 2013 at 11:42PM

you have the ERC to consider if for any reason you have to remortgage in the next 5/10 years.
Why have you got £10,000 of unsecured debt? will this happen again when you are tied into a fixed rate deal and cannot remortgage!
If you use " whatsthecost" you can work out how much you will have paid off over the next 5/10 years

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