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Are there fixed rate mortgages less that 2 years fixed?
ChuckleVision_2
Posts: 344 Forumite
Hi,
I am due to move house soon, and have found a house that we would like to modernise then sell in about a year. What would be the best to get (house is about 155k and we would put done a 20k ish deposit).
All the fixed seem to be with a penalty before 2 years. We would hope so move
in a year.
Is a tracker the answer?
Thanks for the help.
I am due to move house soon, and have found a house that we would like to modernise then sell in about a year. What would be the best to get (house is about 155k and we would put done a 20k ish deposit).
All the fixed seem to be with a penalty before 2 years. We would hope so move
in a year.
Is a tracker the answer?
Thanks for the help.
0
Comments
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You could look at trackers but there are fixed rates with no Early Repayment Charges. SO you could leave without paying any penalties, apart from the normal mortgage closing fees.
HTHI am a Mortgage AdviserYou 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.0 -
coventry building society have a fixed with no redemption penalties and i believe market harborough building society have a 2 year fixed and redemption penalties are only payable within the first year i think.0
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Northern Rock usually have a Fixed for about 18 months.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.0 -
Most lender offer portability which means you can transfer the mortgage to a new home within the period of the deal
Andy0
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