stick or twist?

berkeleyboy

Hi. I am in a bit of a dilemma. My fixed rate interest mortgage has expired with Northern Rock. Now, they don't want to keep me as a customer and keep reminding me to move my mortgage. I have had advice from a mortgage adviser and at present his best advice, based on my circumstances is a two year fixed repayment mortgage at 5.69%! I am paying interest only at NR and have now been put on their variable rate but it is still lower than what I was paying. The new mortgage is repayment only and is twice the price which I can't afford at the moment. If this is the best deal I can get then I thought I might as well stick it out at NR - unless they ask for their loan to be repaid - can they do that?

LilacPixie

If you can't afford the deal on offer then DON't even think about moving to it.

Not an expert on mortgages but I have seen posts on the mortgage board about Natwest demanding mortgages be repaid early so i would imagine there must be a cluse in the agreement somewhere.