Will lender write to me?

ultramagnetic_commuter

Easy question!

Current fixed deal comes to an end at end of month. Considering moving in new year (yes, I know...) so we won't be getting another fixed deal. We'll revert to SVR for a few months to give us maximum flexibility come the new year when we're borrowing a bit more.

Question is, will my lender (A&L) write to me to tell me my new repayments at end of my fixed term? Or will my Direct Debit just go up without notice?

Thanks

herbiesjp

Any change in payment for a direct debit should be preceded by a letter advising of the change so A&L should indeed write to you.

You could always give them a call to double check on that and the figures

ultramagnetic_commuter

Thanks. I've a pretty good idea what it will revert to but would like to know if I've done my sums right!
I'll wait for a letter which should be soon as product runs out 31st Oct.
Cheers