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Halifax to raise SVR
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badaz52
Posts: 255 Forumite
Hi,
I have just received a letter from the Halifax informing me that the SVR mortgage is to rise to 3.99% representing somewhere in the region of an extra £20 a month.
I am supposed to be on a mortgage fixed for 2 years so it won't run out until September 2013. Does this mean I won't see an instant increase and the letter is just informational to tell me that the rate after my fixed term period is going up?
I'm confused
I have just received a letter from the Halifax informing me that the SVR mortgage is to rise to 3.99% representing somewhere in the region of an extra £20 a month.
I am supposed to be on a mortgage fixed for 2 years so it won't run out until September 2013. Does this mean I won't see an instant increase and the letter is just informational to tell me that the rate after my fixed term period is going up?
I'm confused
0
Comments
-
Yep you understood right
Just means when your fixed ends you're going on to the SVR which for now is 3.99 0 -
Great stuff, thank you.0
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