Advice please...

jodiebabes

I have a question. It may seem pretty obvious to you lot but I dont know the answer myself.

We are moving house and have got a mortgage with the HSBC (2 year fixed at 5.99% with 10% LTV).

I am just wondering what happens at the end of the 2 year fixed with regards to finding another mortgage deal. Do we have to find a deposit again? Or will they value the house and if it has held its value then your 10% LTV is in the house so to speak?

_Andy_

It will be based on your home value at the time.

getmore4less

You don't have to remortgage, it is unlikely you have a 2 year term.

Just move to the follow on rate, make sure that is going to be predictable like a base rate tracker rather than a SVR.

jodiebabes

getmore4less wrote: »

You don't have to remortgage, it is unlikely you have a 2 year term.

Just move to the follow on rate, make sure that is going to be predictable like a base rate tracker rather than a SVR.

Yeah I knew we could do that. Just wondered if we were to find a better product. Thats ok to know then.