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Mortgages with 25% unsecured 75% secured
fresca
Posts: 11 Forumite
Bit of a complicated one, but basically my mortgage guy has messed up my mortgage, where I was supposed to get a grand cashback and now he can only get me £500.
The only option for me is to switch to a different northen rock product (together mortgage) which is the same cost but unlike my previous regular fixed mortgage this would be 75% secured and 25% unsecured.
He assures me this has no problems or connotations for me to do it this way, but I am unconvinced.
Surely this would appear as a person loan and make it tricky for me to get credit?
For reference the overall mortgage is around 100k.
Can anyone shed any light?
The only option for me is to switch to a different northen rock product (together mortgage) which is the same cost but unlike my previous regular fixed mortgage this would be 75% secured and 25% unsecured.
He assures me this has no problems or connotations for me to do it this way, but I am unconvinced.
Surely this would appear as a person loan and make it tricky for me to get credit?
For reference the overall mortgage is around 100k.
Can anyone shed any light?
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