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Standard variable rate?
computerad
Posts: 15 Forumite
Hi,
My 3yr fixed term (@6.1%) of my mortgage is due to come to an end within the next month or so, and I've been told my repayments could reduce a fair amount.
I took a little look at my mortgage contract last night, to see if there were any figures I could use to calculate how much I'll be paying after the fixed term has ended, but obviously didn't find a great deal of info...hence I'm here!
It did indicate that the rate would switch to the standard variable rate. Does anyone else, who also has a mortgage with "Mortgage Express" know first hand what that rate is currently sitting at?
I also noticed that it said, for every percentage increase on the Bank of England rate, the repayments would increase by £61.
Could anyone lend a hand please?!
My 3yr fixed term (@6.1%) of my mortgage is due to come to an end within the next month or so, and I've been told my repayments could reduce a fair amount.
I took a little look at my mortgage contract last night, to see if there were any figures I could use to calculate how much I'll be paying after the fixed term has ended, but obviously didn't find a great deal of info...hence I'm here!
It did indicate that the rate would switch to the standard variable rate. Does anyone else, who also has a mortgage with "Mortgage Express" know first hand what that rate is currently sitting at?
I also noticed that it said, for every percentage increase on the Bank of England rate, the repayments would increase by £61.
Could anyone lend a hand please?!
0
Comments
-
Mortgage Express is part of Bradford & Bingley and was taken over by the government.
Their website recommends you contact them with regards to your new rate....
http://consumer.bbg.co.uk/homeowners/interest-rates.aspx
HTH0 -
Hi ..Rodney
I was aware of ME being taken over, just wondered if anyone could tell me the SVR at the moment?0 -
A quick phone call will get you your answer!0
-
Haha! "quick"?!
Thanks anyway guys0
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