Looking for some mortgage advice

kezzamc

This may seem out of context..but its in response to my previous post on this thread which two kind folk have replied to.. (muchos appreciation)

My partner and i are going to overpay our 125% Northern Rock mortgage by £200 each month this year and then up that amount whenever cash is available to try and set us up for a remortgage..

we have 3 yrs 9 months left on our fixed rate.

I was wondering however the following two things..

1. If we managed to remortgage - what are the options for our unsecured loan? Keep it with NRock..or take a loan out to pay the loan off? (see..i really am clueless).

2. Have been pondering on the whole OneAccount idea (even before the NRock crisis) and was considering moving our mortgage to them - i think loans can be incorporated into there plans too.

Anybody offer me any answers/advice or a slap of reality please!

Rick62

I believe you can keep the loan with NR if you move the mortgage, however, I think the rate on the loan then increases substantially. Ready your Key Facts Illustration or Offer document, these should tell you.

OneAccount is not so good usually, high rates. You should probably keep NR, just keep getting the balance down,