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Extra bit of mortgage required during fixed rate
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macca
Posts: 163 Forumite
Hi there
9 months into a 2 year fixed rate mortgage with Yorkshire BS and moving house and need to borrow another 50-60 K obviously have to stary with YBS to avoid redemption, but what do I do with this extra amount. If I start another fixed rate then this will be out of sync with the first and large lump but then on the other hand don't want a variable rate for 15 months with the way things are going.
Any ideas anyone?
Many thanks
Macca
9 months into a 2 year fixed rate mortgage with Yorkshire BS and moving house and need to borrow another 50-60 K obviously have to stary with YBS to avoid redemption, but what do I do with this extra amount. If I start another fixed rate then this will be out of sync with the first and large lump but then on the other hand don't want a variable rate for 15 months with the way things are going.
Any ideas anyone?
Many thanks
Macca
0
Comments
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What have YBS said?0
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YBS have said we can't have the extra bit on the old fixed rate we must take out a new product and we must stick to the old product for the rest of the term - which I suppose is good as now interest rates are higher and all that - which counts as this is a substantial mortgage we're talking about.
Many thanks
Macca0
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