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Fixed rate, Northern Rock finishes on 1st May..what next??
LJW_2
Posts: 354 Forumite
Hi I have had a 2 year fixed rate with NR which is due to end on the 1st June. They have said we can stay with them at just below their Standard Variable Rate. Not sure what this is!!
Any advice.. do I stay or go??
Any advice.. do I stay or go??
0
Comments
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I'm think its around 4.79% prob better than your current rate?0
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Need more details, ie what is your LTV, what's the salary multiple, any credit problems?0
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Thanks Beecher but I'm a bit of a novice with the mortgage game!
Whats LTV.....long term value??
Salary multiple.....joint salary figure??
Bet thats wrong...lol0 -
LTV - loan to value. What's the size of your mortgage, and what's a realistic valuation for your property?
Salary multiple - what multiple of your salary is your mortgage.
If your Loan to Value is above 90% you're stuck with Northern Rock. If it isn't, you have options depending on your salary multiple and credit history.
Hope that helps.0
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