Fixed Mortgage ending soon

kier333

what the variable rate with hsbc at the moment? will i automaticall go on it once the fixed finishes and then i can pay what i have to get it to the 80%ltv

kier333

i would just rather have the security, plus when i took the mortgage with a 10% deposit i had to fix at 6.79% so if i could get thefive yr fixed at 5% repayments would be around 600pcm on 112k and i could make a 20%over payment and still be better of than now as currently i pay 740pcm, plus also reducing the orginal term of 30yrs down to around say 22yrs.

whatyadoinsucka

yeah once your last fix payment goes on you can pay onto the mortgage instantly, I bank with hsbc so can click on transfer and my mortgage is reduced instantly

kier333

thats great news, so i can pay 4k straight off then reducing my mortgage and then tying into a 80%ltv, obviously after i see what they say its worth, but like i said i have a letter stating it was valued june/july at 136k

whatyadoinsucka

the sheffield office of hsbc (mortgages) seem a friendly bunch , always been very accomodating. and should be able to advice in one phone call if you can do it or not
good luck

kier333

whats hsbc's current svr rate?