What should I do at the End of my Fixed Rate Mortgage?

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TheManCalledDan
TheManCalledDan Posts: 5 Forumite
in Mortgages & endowments
Any help would be much appreciated!

I currently have a 2 year fixed rate 95% LTV mortgage. This deal is due to end in the next few months and I'm just wondering what I should do. I currently do not have any capital to invest so I'm concerned as to what will happen when my fixed rate ends. Will it be OK to just go onto my lenders SVR at 95% LTV as it would seem there are no decent deals around anymore for such a high LTV?

Thanks! dTm.

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  • koexelek
    koexelek Posts: 7,847 Forumite
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    Going onto your current lender's SVR looks the best option, especially if they are one of those that have been passing on the cuts
    I am a Mortgage adviser
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  • silvercar
    silvercar Posts: 47,039 Ambassador
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    What is the current LTV. It could well be higher than 95%.

    Chances are you will have little option but to go on the lender's SVR or take any other deal they might offer you.
    I'm a Forum Ambassador on The Coronavirus Boards as well as the housing, mortgages and student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • TheManCalledDan
    TheManCalledDan Posts: 5 Forumite
    Options
    Thanks very much for your advice. I thought that was probably the best option.
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