I have a together mortgage with Northern Rock, I currently owe £92000 on my mortgage and £28000 on my loan. I have come to the end of my fixed term and my payments went from £730 to £850 pcm. I want to get a new deal which Northern Rock won't offer me. My property has been valued at £125000 but I do not want to sell. I would like to remortgage and get a new deal with a new company. But a few questions have risen.

1. How much will my repayments go up if I leave Northern Rock and I understand they slap a lot more interest on? O pay about £220 a month at the moment.

2. Is there any other way of moving the entire owed amount to another lender, I don't think there is another lender who would do this.

Ideally I need to save enough on my new deal in order to pay the increased amount on the loan repayments and still save something on a new deal. Am I making sense.

Someone please help, I am sure I am not the only one being stiffed by NR.

J

Hi...NR are the only lensers that are unable to offer extended deals for their 100%+ customers so there are other customers being affected. If you are able to move with figures you have given the main loan is just less than 75%ltv so a good deal could be found, although your unsecured loan will go up to around 17%. You are very close to being able to consolidate the lot if the value was slightly higher or if the loan was slightly lower. Are you currently on full repayment, if you are and there is not much about that is worthwhile changing to at the moment you could change to Interest Only for the short term to keep payments low enough to be affordable, until lenders start to sort themselves out??

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Regards

Ian