Retraining and Mortgage

tododo

Hi

I have only recently (6months ago) moved into our first home with my girlfriend. Basically I am planning to apply for a new job which involves retraining.

The training lasts for 2 years so by the time I finish the course my current fixed rate mortgage deal will expire

I will get paid on this course but not as much as Im on currently.....probably around £200 less a month

My question is when my fixed rate deal is up if I wanted to remortgage to go onto another fixed rate deal .........as I will be on a course do you think this will be possible at all or would I be stuck on variable rate with my current mortage supplier for a few month while I finish the course and hopefully get a job

Has this mortgage lark made something I would absolutley love to do a distant dream

Thanks for any advice guys

Robert_Sterling

tododo wrote:

Has this mortgage lark made something I would absolutley love to do a distant dream.

Maybe it has ... for the time being.
Choices ... Don't you love 'em.

herbiesjp

You don't necessarily have to stay on the lender's SVR - you could ask them to go onto another deal that they have that had no penalties, or simply choose another deal with them.

If you stay with your current lender, and do not borrow any extra money, they will not normally ask for any docuementation.

HTH