End of 2 year tracker

eoghan45

Hi

I bought my first house back in 2008. I initially got the mortgage sorted out in march or april but i didnt finalise the sale untill september and i started paying my mortgage in october.

The mortgage was one of those 2 year tracker after which it goes to a variable rate. I was paying the mortgage and aparently the 2 years has finished up even though the mortgage only came into affect in october. Is this correct? Do the 2 years generally start from when you get approved or from when you start paying? I didnt expect the 2 years to be up untill october. Any advice would be appreciated.

beecher2

2 year fixes are never exactly 2 years long - look at your mortgage offer and it'll say the date the deal comes to an end.

If you look at these 2 year Halifax deals

http://www.halifax.co.uk/mortgages/first-time-buyer-fixed-75LTV.asp#2_year_fixed

you'll see they come to an end in 31 August 2012 regardless of when you start.