Are Multiple Loan Parts Costing You More Than You Think?
At Orton Financial, we understand that your mortgage should work for you—not against you. Yet, many homeowners unknowingly pay thousands in extra fees and interest because their mortgage is split into multiple loan parts. This often happens when you move home, take additional borrowing, or switch products at different times.
Why Does This Matter?
When your loan parts have different expiry dates and rates, you face:
- Multiple product fees when switching deals
- Higher interest rates to avoid paying those fees
- A more complex mortgage that’s harder to manage
Over time, these costs add up—and they’re often overlooked until it’s too late.
Case Study: How We Helped a Client Save Thousands
A client came to us needing £400,000 for home improvements. They already had two loan parts with mismatched expiry dates, creating a future headache.
We offered two strategic solutions:
✅ Option 1: Further Advance with Current Lender
- Arrange a further advance for the required funds
- Switch one loan part expiring in 4 months
- Align expiry dates across all loan parts
Result: Immediate access to funds and a streamlined mortgage structure.
✅ Option 2: Refinance to a New Lender
- Move to a lender offering flexible interest-only options up to 75% LTV
- Ideal for the client’s variable self-employed income
- Small early repayment charge, but lower interest rate
Result: One mortgage, one fee, one end date—simplified and cost-effective.
Both options ensured the client could fund their project without creating future complications.
Our Expertise, Your Advantage
At Orton Financial, we don’t just find you a mortgage—we design a strategy that saves you money and simplifies your finances.
- Free mortgage review
- Plan to consolidate loan parts into one mortgage
- Potential long-term savings on fees and interest
Bonus: Complete a switch of your current loan and receive a client reward.
Ready to take control of your mortgage?
👉 Book your free mortgage review today