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Mortgage renewal and Loan
Divinity
Posts: 4 Newbie
Hi all
My 5 year fixed term is due to finish shortly I roughly owe 70k. I put a 70k down as a deposit. My mortgage is approx £275 p/m.
I also have approx £13k loan debt that cost approx £350 p/m
What i want to know is could I consolidate my loan debt into my mortgage?
Would i be best borrowing on my mortgage and then paying off my own debt?
My Mortgage and Debt is with Santander
My 5 year fixed term is due to finish shortly I roughly owe 70k. I put a 70k down as a deposit. My mortgage is approx £275 p/m.
I also have approx £13k loan debt that cost approx £350 p/m
What i want to know is could I consolidate my loan debt into my mortgage?
Would i be best borrowing on my mortgage and then paying off my own debt?
My Mortgage and Debt is with Santander
0
Comments
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It's theoretically possible, but whether it is your best option depends on your circumstances.
A long term will see you paying a fortune on interest.0
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