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Mortgage carried on..........
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charliepink_2
Posts: 61 Forumite
Hi was wondering if anyone could help? I am coming to the end of a 3 yr mortgage with a sub-prime company. We have always paid on time and i was wondering do they contact us before the time is up to offer us a deal or do they carry it on if we wish to? Any advice would be great. I know we probably can't go to a bank as we do not have a deposit to put down. Thanks
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Comments
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It will revert to the SVR, although they may have other rates - give them a call and see what they have.
If you don't have any equity in your home (i.e. the house value-the mortgage amount) you won't be able to look at other lenders.0 -
Be careful though what appears to be a good offer my not be...
They may want to get you off of their SVR to tie you into a higher rate deal !ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 20270
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