Need some advice about a mortgage

[melrose]

We arte moving house, currently have a fixed rate mortgage which we can move with us, we need to borrow about the same again and were ghoing to take out a second mortgage with teh same lender. However their rates have just gone up and we can get a better deal elsewhere. Can we have 2 mortgages with 2 different providers?

Check, melrose, but I'm pretty sure you can't. I asked exactly various lenders this question a while ago, and the answer was no. Something to do with them having a charge against your house, and you can't have two sets of lenders with rights to the same house.

Work out the penalty costs (if any) of dropping your current fixed rate deal, and compare that with the cost of paying the higher rate with your existing lender. Once you've worked that out you can try approaching your existing lender, telling them you're thinking of remortgaging with someone else and see if they'll offer you a better deal.

Thansk, taht was what i though would be the case

Frogs is right, you can only have one lender on a mortgage. Check the penalties as it may be cheaper to get a better rate on the whole of the new mortgage. But the way interest rates are now I think it would be very unlikely as rates have been on the way up and not down.
Otherwise have a flexible rate on the extra borrowing or have the new part of the loan tie in least the same period of time as the existing tie in, so that you can remortgage altogether when the existing tie in period comes to an end