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Northern Rock fixed rate coming to an end - advice needed
lottabottle
Posts: 1 Newbie
Hi,
I have an old fixed rate deal from NR which comes to an end in June. It's a residential mortgage with 'permission to let'... as I have since vacated the house (previously my home). There's not much equity in the place (only a few K), so I am pondering my options... As I see it they are:
1) Let the NR mortgage slide to the SVR
2) Attempt to move to another of their products - I think this would be difficult now as they are no longer offering ANY Buy To Let and I am not sure if they would let me continue on my current 'residential with permission to let' basis
3) Attempt to get a BTL mortgage elsewhere... Possibly difficult given the lack of equity and current market.
Does anyone have any thoughts on these, or indeed any other options?
Much appreciated.
Charlotte.
I have an old fixed rate deal from NR which comes to an end in June. It's a residential mortgage with 'permission to let'... as I have since vacated the house (previously my home). There's not much equity in the place (only a few K), so I am pondering my options... As I see it they are:
1) Let the NR mortgage slide to the SVR
2) Attempt to move to another of their products - I think this would be difficult now as they are no longer offering ANY Buy To Let and I am not sure if they would let me continue on my current 'residential with permission to let' basis
3) Attempt to get a BTL mortgage elsewhere... Possibly difficult given the lack of equity and current market.
Does anyone have any thoughts on these, or indeed any other options?
Much appreciated.
Charlotte.
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