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end of fixed rate mortgage
eddiewilf
Posts: 5 Forumite
our fixed rate 2 year mortgage finishes in July this year. At the moment we are paying £420.00 a month on 127,750.00. Are we better letting the mortgage deal just run out as if I'm reading it right we would automatically revert to the barclays base rate? This would be less than we are paying now each month. Or are we totally off track here. First time we have had a fixed rate deal
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Comments
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Hi, you would go to their Standard Variable Rate automatically yes.
It will be worthwhile speaking to Barclays and seeing what deal they would offer you to retain your business. You may well be surprised.
Failing that you are obviously also free to look to see what other lenders would offer, as most will make it totally free with legals and valuation to entice you in...
Good luckI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
thanks very much it's appreciated0
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