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mortgage problemo
dantheman24
Posts: 18 Forumite
how much will it cost me when i come off my fixed rate mortgage next year if i automatically revert to a standard variable rate?
i have no money for a remortgage you see
i have no money for a remortgage you see
0
Comments
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How do you mean 'cost me'?
You won't have to pay any fees if that's what you mean.0 -
Whats your fixed rate? Say for example 5% of a 100k mortgage, you'd currently pay £590 ish. On the SVR of say 7.5 % you'd pay about £750.0
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You could probably find something to remortgage to with your existing lender. I just did this - my lovely discount rate ended so now I'm on a tracker with higher repayments, but much less than the SVR.
Not sure what you mean by have no money for a remortgage. If you mean the normal booking fee, this can usually be added to the mortgage anyway.
They even offered me more money, despite an 86% LTV!0
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