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two mortgage products should we fix now
_Sunnydays
Posts: 1 Newbie
I have two mortgage products at the moment both fixed and different end terms.
Product 1 is for £150k and ends in July
Product 2 is for £60k ends in October
We wanted to move both products together and fix for 5 to 7 years. But I am worried that rates are going to go up and i won't be able to get a good rate in Sept when we try to fix both.
What are the benefits of combing the products, or should i just fix the first one which is more and a bigger element of the mortgage?
Thanks
Product 1 is for £150k and ends in July
Product 2 is for £60k ends in October
We wanted to move both products together and fix for 5 to 7 years. But I am worried that rates are going to go up and i won't be able to get a good rate in Sept when we try to fix both.
What are the benefits of combing the products, or should i just fix the first one which is more and a bigger element of the mortgage?
Thanks
0
Comments
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What is the ERC for the £60k one? It cant be more than £600 can it? If that is the case can you not pay that one off and just renew product one but with additional borrowing to pay off number 2?0
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