motgage deal ending,what should i do?

beecher

mikeouk wrote: »

what youve just explained is what i didnt understand:rotfl:

I don't think I can explain it any better, but I'll try.

Your deal is coming to an end, so you automatically go on the SVR. Your letter is telling you what the SVR was at the time it was printed off - ie 5%. This is what you'd pay if you do nothing. The SVR has now gone down to 4.75% so this is what you'll pay if you do nothing.

The old tracker rate is only relevant if you have one more payment to make on your mortgage on 1 January. When exactly does your deal come to an end?

If all that is confusing, then you really do need to seek face to face help.

mikeouk

beecher wrote: »

I don't think I can explain it any better, but I'll try.

Your deal is coming to an end, so you automatically go on the SVR. Your letter is telling you what the SVR was at the time it was printed off - ie 5%. This is what you'd pay if you do nothing. The SVR has now gone down to 4.75% so this is what you'll pay if you do nothing.

The old tracker rate is only relevant if you have one more payment to make on your mortgage on 1 January. When exactly does your deal come to an end?

If all that is confusing, then you really do need to seek face to face help.

you didnt need to explain it again, i said what youd explained is what i didnt understand,,,meaning that i understood your explination,,thank you

mikeouk

olly300 wrote: »

When you do (I suggest you write this down otherwise you may get confused and forget) ask them how much will you be paying monthly.

does it make you feel superior to be condescending?