We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Finish Tracker - Onto SVR - Can you change mortgage length?
humfer
Posts: 1,779 Forumite
Still some way off finishing my current tracker with Nationwide, but one of the options I am looking at is to maybe just remain on their SVR for a couple of years and really try and blitz the mortgage as much as possible. If rates stay roughly the same for the coming months, the SVR will be 2.5% or near that, some way under the best fixed deals. I also like the ability to pay off lump sums whenever. Just one question - current tracker is 10 years so will have 8 years left when come off it. Don't suppose its possible to shorten the mortgage term? I think the answer will be no, but just checking
0
Comments
-
By overpaying, you will automatically shorten the termI 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards