I'd agree with AArdvark, resite the incoming cable to a proper NTE5 with filter plate, then run extensions to suitable locations for phone and broadband. Depending on how long the drop wire is will limit where you can move it to - perhaps if it won't reach a suitable location in the house then the loft might suffice, but it needs to be within easy reach of the loft hatch when standing on the loft ladder, as that's as far as a BT Engineer will venture into the loft.