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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage providers for shared ownership?
martyp
Posts: 1,094 Forumite
Hi all,
I've got a meeting with my FSA on Monday as my 2 year Halifax Fixed Rate on 6.14% is ending in September. I was excited about saving about £100 by going to the variable rate of 3.5% but my FSA mentioned fixed rate deals starting at 3.99%. I think they're probably the stepped ones that go up after each year but wondered what providers out there did shared ownership mortgages as I know not many do. I can then possibly do my own comparisons unless the FSA would be the cheapest route for a new fixed deal?
My mortgage was £55k when I bought the house in 2005, it was valued at £60k in 2007 and I borrowed £3k on top. The balance is now roughly £54k over 30 years.
I know it'd be a gamble dropping to the SVR and seeing how things go but it's soooo tempting not to bother going to a new fixed rate...
Any advice much appreciated, also interesting to know other mortgage providers that do shared ownership mortgages...
I've got a meeting with my FSA on Monday as my 2 year Halifax Fixed Rate on 6.14% is ending in September. I was excited about saving about £100 by going to the variable rate of 3.5% but my FSA mentioned fixed rate deals starting at 3.99%. I think they're probably the stepped ones that go up after each year but wondered what providers out there did shared ownership mortgages as I know not many do. I can then possibly do my own comparisons unless the FSA would be the cheapest route for a new fixed deal?
My mortgage was £55k when I bought the house in 2005, it was valued at £60k in 2007 and I borrowed £3k on top. The balance is now roughly £54k over 30 years.
I know it'd be a gamble dropping to the SVR and seeing how things go but it's soooo tempting not to bother going to a new fixed rate...
Any advice much appreciated, also interesting to know other mortgage providers that do shared ownership mortgages...
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards