2 Mortgages one property

[TheFinalFurlong]

Hello All,

When I took out my mortgage 10 years ago the bank gave me 2 mortgages for the one house. 1 mortgage is a tracker and the other is on the variable.

Can I change the variable mortgage to a fixed rate while leaving the other one as is on the tracker?

 

[Monbretia]

No real reason why not assuming your lender has fixed rates at the moment to existing borrowers.

 

[amtc]

Yep. Did it myself last year

 

[TheFinalFurlong]

Thanks, due to meet with them this week to see what fixed options are on offer.

 

[TheFinalFurlong]

Called the bank (TSB) and they said that they wont offer me a fixed rate. I have to be on a fixed rate to get a fixed rate.

They offered me a Managed variable rate based on the LTV but the LTV is probably par so the rate will stay at 4.3%