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DIY or broker - fix/reduce term/consolidate
k3lvc
Posts: 4,174 Forumite
11yrs to go on our repayment mortgage and it's about to revert to SVR (4.25% with BOI) - balance c.£115k on a £350k house
Time to do some sprucing up of the house and potentially consolidate £25k of loan/CC debt that I'm bored of moving round
A quick online search shows some options of either 5 or 10yr fixes on a (reduced) 10yr term @£150k with an appealing monthly payment (£1,400 vs £1,180 currently)
I spoke to current lender but all they were interested in doing was splitting the mortgage rather than consolidating - am I likely to find this in other cases if I look at online options or do I need a broker ? If the latter what sort of cost am I lloking at for a broker to manage this ?
Time to do some sprucing up of the house and potentially consolidate £25k of loan/CC debt that I'm bored of moving round
A quick online search shows some options of either 5 or 10yr fixes on a (reduced) 10yr term @£150k with an appealing monthly payment (£1,400 vs £1,180 currently)
I spoke to current lender but all they were interested in doing was splitting the mortgage rather than consolidating - am I likely to find this in other cases if I look at online options or do I need a broker ? If the latter what sort of cost am I lloking at for a broker to manage this ?
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