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Remortgaging Question
Goodeluck11
Posts: 10 Forumite
Hi All,
Please help me out here.
I fixed my mortgage last year for 2 years, which means that it will expire by 30/04/2010. The problem I have now is that the rate it was fixed at is really high compared to what is available now.
My question is, if i ask the lenders to change it to tracker, instead of the fixed, would it save me any money?
Regards
Goodeluck11.
Please help me out here.
I fixed my mortgage last year for 2 years, which means that it will expire by 30/04/2010. The problem I have now is that the rate it was fixed at is really high compared to what is available now.
My question is, if i ask the lenders to change it to tracker, instead of the fixed, would it save me any money?
Regards
Goodeluck11.
0
Comments
-
You'd have to pay an ERC so check how much it'd be. Then you'd have to work out how much you'd save by going onto a tracker, and compare the difference, remembering to factor in arrangement fees. You're unlikely to save much, if anything, but you could check to see.0
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