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remortgage

I am currently nearing the end of a two year fixed rate with morgan stanley they are raising it from 5.49 to 8.44.is this possible to raise it to this amount

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    What is the follow-on rate as explained in section 4 & 6 of your mortgage offer letter
    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.
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Check what is says in the mortgage offer
    Does it state that your mortgage will revert to the lenders SVR currently 8.44% as of the DATE you took out the mortgage !!!
    What is morgan stanley,s current SVR and does that now apply to your mortgage.
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