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Current C&G SVR Rate
laney456
Posts: 23 Forumite
Does anybody know what the current SVR rate for Cheltenham & Gloucester is? Can't seem to find it anywhere on the net.
My current deal is coming to an end and trying to work out what to do. Problem is we do not have a high enough LTV to take out a new deal.
House value £125,000 and we owe £116,000...approx 93% LTV.
Current fixed deal is at 6.49% on Interest Only.
My plan I'm thining is if the SVR is low enough for say 6 months....make overpayments to start paying off some of the mortgage and try to get as near as possible to a 90% LTV before the rates start to hike so that I can go onto a fixed deal.
Any advice would be much appreciated.
Cheer,Tom
My current deal is coming to an end and trying to work out what to do. Problem is we do not have a high enough LTV to take out a new deal.
House value £125,000 and we owe £116,000...approx 93% LTV.
Current fixed deal is at 6.49% on Interest Only.
My plan I'm thining is if the SVR is low enough for say 6 months....make overpayments to start paying off some of the mortgage and try to get as near as possible to a 90% LTV before the rates start to hike so that I can go onto a fixed deal.
Any advice would be much appreciated.
Cheer,Tom
0
Comments
-
2.5% - apparently tracking at 2% over BofE.
Your plan sounds like an excellent one.0 -
Thank you very much.....I honestly did look....obviously not in the right place.
Thank you so much.0
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