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Two part mortgage
Mdeasrh2
Posts: 1 Newbie
Hi, I'm finding it really hard to get any information on these and to then try and work out the best deals. I have an existing capital only mortgage of £70k with an endowment, and as a planned house move, want to borrow an additional sum of £50k on a repayment mortgage. But none of the comparison sites, nor individual companies say about whether and what product they have and rates
0
Comments
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You might struggle to get an interest only mortgage with another lender.
Could you afford to take the whole mortgage as repayment ?
How long have you had the endowment and what is it now worth ?
It might be a good idea to cash in the endowment and pay that off the mortgage so you are borrowing less.0
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