Help advice with mortgage

I currently have an old Together Northern rock mortgage, then it was passed to tulip mortgages and now engage credit, i have £24,500 as a secured loan and another £9,414 unsecured left. I used to pay £500 a month but with the intrest rises its now £600, I have 6 years left, is it worth remortgaging.
I had been told in the past I cant because the mortgage is made up of 2 loans.
Any advice please


  • sammyjammy
    sammyjammy Forumite Posts: 7,143
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    How much is the property worth?  Nothing to stop you remortgaging for the total £35k ish if affordability is ok, in fact you'd struggle to get a mortgage for only the secured element due to the small amount left.  Any reason why you've not remortgaged before given the excessive interest rates you are no doubt paying?
    "You've been reading SOS when it's just your clock reading 5:05 "
  • Independentjudge70
    Independentjudge70 Forumite Posts: 2
    First Post
    Hi Sammy, 
    I have always been told I couldn't remortgage or change lender because of the 2 loans on the house, when northern rock gave us the 100% mortgage was for £80,000, £50,000 was secured and £30,000 was unsecured, the house is worth about £135,000 and ive got £34,000 left. The intrest rate I'm paying is 9% now so payments gone from £495 to £600 since all the interest rate rises.
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