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2 part mortgage - can i move one part?

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  • 2 part mortgage - can i move one part?

    Hi and good morning all,

    We currently have a 2 part mortgage with A&L on the same property.

    One part of the mortgage stands at £53k @ 1% and the other part at £21k @ 3.99% with 7 years to go.

    For the part at 3.99% we currently pay £290 with £200 over-payment per month which brings the term down to 3yrs - yey!

    Can anyone advise, should we stick with what we are doing or should we be looking for a better rate on the 3.99% part of the mortgage?

    Thanks.
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