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What happens at the end of your fix rate term?
smiddy_2
Posts: 52 Forumite
Hi i am interested in taking out a 5 year fixed rate mortgage, just a quick question, if i then switch providers to get a better deal once it expires am i looking at fees and extra costs?
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Comments
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yes.........Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0 -
Depends on the new lender/product, they may charge arrangement fees, they may not.0
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Thanks, any ideas of a rough cost? (Really does not matter how estimated!)0
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T&Cs of the lender will help0
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Look at deals with good follow on conditions
Reduces the need to change again later
Plenty of us on base + < 1.0% trackers that are glad we did considere or were lucky.
Not to easy today, but still a big variation in the follow on rates between lenders.0
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