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which mortgage
nicky555
Posts: 8 Forumite
have bought a new house b4 selling ours. sale has now fallen through and fixed rate mortgage is up in may. don't want to be fixed again because still hope to sell house and don't want early repayment penalties. what should i go for?
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Comments
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As most lenders variables rates are relatively low, I would suggest just letting your mortgage go onto the standard variable rate until you sell the property.
As you will find that if you take out a new deal, this will probably have an early repayment charge when you sell the property and go to repay the mortgage.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 -
I'd remain on SVR.Squish0
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Who is your lender, and what rate does it revert to?
Have you considered the option of renting the property out until the time is right or you can sell it?0
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