I have the chance to move up the property ladder to a four bed link detached from a three bed terraced but would have to give up my varaible tracker ( 4%) and fix at 6.4% as only 20,000 deposit on a 160,000 mortgage. would only be adding 25,000 to the mortgage but adding ££££'s to the repayments. Any advice?

Hi...I will assume that your current lender will not allow you to port your existing borrowing to the new house and take the extra on an available rate today,for the loan to value?? Sometimes if the original product you had was up to a certain loan to value, then in the current market porting is not viable for them, but it is worth following up this suggestion. Who is your current lender???

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Regards

Ian