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Abbey = Santander Mortgage from 4.24% to 7.59%

DPA · 2011-03-21 09:18:18

Hoping someone can throw some light on this! My backward twin sister's mortage has just over 9 years to go. Her husband left her 6 years ago with this massive debt plus others and I have had a nightmare of a time managing all this. But fortunately the mortgage rates going down assisted. Now this hike will increase her…

Comments

Wh05apk Posts: 2,938 Forumite

21 March 2011 at 2:04PM

Deleted_User wrote: »

I think it's safe to assume that most, if not all, SVRs will go up as soon as the base rate gives a yawn and a stretch, and starts ambling upwards.

I dis-agree, I think some of the lenders with higher SVR's will hold them back not passing on the full increase in base, only time will tell.

I am a mortgage adviser.

You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.

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