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Changing mortgages
dan37
Posts: 2 Newbie
Hi,
I currently have a fixed rate mortgage, the rate is 6.85% and the payments are 841.55 a month.
What i want to know is this, Is there anyway of moving to a std variable rate without having to pay the get out fees?
I am with Lloyds TSB, should they being doing all they can to help people keep there homes? just a though.
I currently have a fixed rate mortgage, the rate is 6.85% and the payments are 841.55 a month.
What i want to know is this, Is there anyway of moving to a std variable rate without having to pay the get out fees?
I am with Lloyds TSB, should they being doing all they can to help people keep there homes? just a though.
0
Comments
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No - if you are on a fixed rate where Early Repayment Charges apply, then you will have to pay these to leave the deal you are on.I am a Mortgage AdviserYou 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.0
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thanks for that! is ther anything i can do to lower payments?0
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Extend the term though that would mean paying more over interest. I'd advise trying to cut down payments elsewhere - if you go to the Debt Free Wannabee threads you could post a 'Statement of Affairs' and get help with this0
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