What rates are you on?

andy1886

asandwhen wrote: »

You can applyin July if you are changing your lender.

If you want to stick with YBS you dont need to do anything to go onto the Standard veriable rate (SVR) which is currently 4.99% this is veriable and likely to rise in the not too distant future.
You can ask them for another fix. At the momennt they offer existing customers with your LTV (Loan to value) a 5 year fix of 4.09%.

There are better deals out there with other lenders though so if you are in the possition to move I would.

Unfortunately I am in no position to move lenders as I am 2 years into a dmp with plenty of defaults . I hope to fix for 2/3 years and use the money that was going in mortgage payments to pay off my creditors in this time and then hopefully once out of the dmp and the defaults clear move house . I guess this is when I can move lenders . Thanks for your advice / input in my situation , and don't worry I'm not going to ask what you think rates will be like when I plan to move in 2015 !! but at least I will no what I'm doing and not make bad decisions again.

lee_w

4.99% fixed for 5 years agreed yesterday

i like the fact of the fixed payments and know exactly what i am paying each month