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If anyone knows the answer ....

This is probably a bit of a stupid question but in case anyone knows. If you had a fixed rate mortgage agreed two years ago and its coming to an end and the SVR at the time of the contract was 2% for that bank (Halifax) is that SVR rate locked in or can they change it to whatever they see fit when the fixed rate ends...

Sorry if this is in the wrong place or is mentioned elsewhere...Tis my first...:o

Comments

  • koexelek
    koexelek Posts: 7,847 Forumite
    You'll go to the CURRENT Halifax SVR ( Thankfully :beer: )
    I am a Mortgage adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Do you know what that is??

    thanks for reply
  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    midger wrote: »
    Do you know what that is??

    thanks for reply

    It's currently 4.5%
    "You were only supposed to blow the bl**dy doors off!!"
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