Debt since mortgage

Retired_Mortgage_Adviser

Debt consolidation is unlikely.

Virgin has a number of 2/3/5 fixes at 90% LTV, all of which have rates far below their SVR of 4.99%, these should be available to you. For example, a 2 year no-fee fix at 2.13% which is not bad at all.

Hill_ wrote: »

Thanks for the replies.
The value of the property is between £225,000-230,000, so it would be ~89% LTV. Without checking my paperwork, I think there will be just under £200,000 (maybe 195) I'd much rather consolidate the debt, but know that they won't lend that much

My mortgage is with Virgin Money - so perhaps switching to another of their deals is my best option as suggested??

Thrugelmir

Hill_ wrote: »

I'd much rather consolidate the debt, but know that they won't lend that much

Suggest you get over to the Debt Free Wannabe board. As the underlying issues need to be tackled to resolve the situation. Debt consolidation merely kicks the can down the road.

Thrugelmir

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Retired_Mortgage_Adviser

• Mortgage Advisers should not tout for business on the boards or in PMs. There should be no posts or unsolicited PMs offering mortgage adviser services. Nor should advisers ever say ‘see my profile for who I work for’ or make any other such comment.
  
  
  However if a user requests their service either via PM or forum post then I have no objection to that and the business generated. Yet if someone requests the service by a post on the board, the broker should simply post to say “I will PM you” rather than posting details there.
  Any mortgage adviser found to be flouting this ‘no touting’ rule will potentially lose their rights to post on the forum (PPR). This applies whether the adviser is using a signature or not.

CarolineReynolds wrote: »

Hiya, without knowing monthly outgoings of these payments and any other credit commitments it is difficult to work out exactly where you stand. Please contact me to discuss further and I will advise where i can. Caroline. Mortgage Hunters

Hill_

Thanks for all of the advice. I will stay with my current provider and hopefully switch to a different product when the time is due.

Thanks again!

bigisi

Retired_Mortgage_Adviser wrote: »

• Mortgage Advisers should not tout for business on the boards or in PMs. There should be no posts or unsolicited PMs offering mortgage adviser services. Nor should advisers ever say ‘see my profile for who I work for’ or make any other such comment.
  
  
  However if a user requests their service either via PM or forum post then I have no objection to that and the business generated. Yet if someone requests the service by a post on the board, the broker should simply post to say “I will PM you” rather than posting details there.
  Any mortgage adviser found to be flouting this ‘no touting’ rule will potentially lose their rights to post on the forum (PPR). This applies whether the adviser is using a signature or not.

You've left the spam in your post.

EnterUserName

I haven't read through the whole thread but basically I'm in the same boat.

We took out mortgage on maximum the bank would lend on joint salary. Mrs now full time mum so when the 2 year fix ran out we could only do a standard product transfer with Santander.

Last year we took their 5 year deal on 2.79% which is more expensive than you could get on the open market but much cheaper than their SVR.

You're a captive audience so you will get crapier rates but not terrible. It's probably similar to just accepting an insurance renewal quote