Standard Life Mortgage

poorchester

I have a fixed rate mortgage with Standard Life which ends in March 2011. I'd like to take out another 5 year fixed rate in March and am looking at First Direct, Yorkshire etc. I phoned SL to see what they would offer but was told to ring back in the New Year. I'd like to get this sorted sooner rather than later and was wondering if anybody has had recent experience with ending a fixed rate SL mortgage. I am aware that they are now part of Barclays - so are they offering the advertised Barclays/Woolwich fixed rate deals (with their associated set up fees) ? Thanks for any advice.

dunstonh

I'd like to get this sorted sooner rather than later and was wondering if anybody has had recent experience with ending a fixed rate SL mortgage.

You are a bit early in the process. 3 months is more the normal timescale. Even if you could buy a fixed rate now, it could expire before its advanced or at best, you would lose nearly 6 months of the fixed rate whilst you wait.

poorchester

First Direct wiil hold funds for upto 6 months

dunstonh

poorchester wrote: »

First Direct wiil hold funds for upto 6 months

And in the meantime you lose 6 months of the fixed rate period whilst you wait. You are also severely limiting your provider choice if you want to do it now.

poorchester

Thanks for the advice. I can see your argument but the fixed rate is a gamble. I could get 3.89% now or wait until March when fixed rates have come down to say 3.49 or the best on offer is say 4.19. Who knows?? All I really want to know is what sort of deals SL have been offering.

mra12345

Just as an FYI (I use to work for SL). SL sold SL bank to Barclays so I don't think a "standard life" mortgage as such exists any more. I believe it will not be a Barcs mortgage product you are looking for unless they are still marketing the stuff as SL.