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I had the same, so I currently have about 2.5yrs left on one mortgage, and 5 years on the other. Both with First Direct.
If the timescales end up sorting themselves out then I'll combine them.I think you can remortgage a bit early often too (if staying with the same provider) - if memory serves then there was a few months leeway - so it may be I can gradually bring them in line and end up with a single mortgage in one place.
But the early redemption cost was a few thousand so it was worth staying.
duncs-
I think you can remortgage a bit early often too (if staying with the same provider) - if memory serves then there was a few months leeway - so it may be I can gradually bring them in line and end up with a single mortgage in one place.
Depends on the mortgage proivider, but remember that they do this in order to keep you as a customer as to go anywhere else would incur an ERC. Somewhere else might have a better deal but you'd need to stay in the current deal for an extra 3 months or pay a significant chunk (more than you'd save probably) to get out of it.
Mind you, I went from 5.09% to 2.89% to 1.94% for my 5-year fixeds, all with the same mortgage provider (Santander), so going 3 months early did save a reasonable chunk of cash each time. That coupled with not having to go through conveyancing or any finance/affordability questions each time has been a definite bonus. Each time I did it in one 20 minute call.
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If you really want to consolidate them then try ringing FD and asking. I'm sure they'd allow you to lump the two together combining them on the longer term of the two. Whether you'd want to lose the flexibility is another matter.
Greenbank
my question is how did you line up the timing to move to another provider? as mine will be 10-11 months out of sync with each other