I'll be remortgaging in May and am wondering if this is possible.
Basically, I've had a very good experience with First Direct, but their mortgage rates, evern at around a 40% LTV aren't very good.
I'd ideally like to keep our existing offset mortgage with them but reduce it to around £20k to fund an extension, and pay the balance off with a new (more competitive) fixed rate mortgage with another lender.
Is is possible to have two mortgages with different lenders?
Basically, I've had a very good experience with First Direct, but their mortgage rates, evern at around a 40% LTV aren't very good.
I'd ideally like to keep our existing offset mortgage with them but reduce it to around £20k to fund an extension, and pay the balance off with a new (more competitive) fixed rate mortgage with another lender.
Is is possible to have two mortgages with different lenders?