We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
mortgage
dexterwolf
Posts: 360
Forumite
I have a fixed rate mortgage for another two years. If at the end of two years I wanted another fixed rate would I be getting the mortgage against the amount left to pay ?. Probably a silly question but it is confusing. Also what is the current rate. I have tried to google but it throws up various figures.
0
Comments
-
You can get a higher amount than the balance outstanding if you can afford it or you can get a lower amount if you've managed to save something over the next two years and wish to use your savings to reduce your mortgage which would have incurred a penalty if you had used your savings to pay off the mortgage during the fixed term.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Google will throw up various figures because there are various figures.
Depends on your LTV, how long you fix for, who the lender is etc etc
0 -
current rate of what?dexterwolf wrote: »Also what is the current rate.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.3K Work, Benefits & Business
- 606K Mortgages, Homes & Bills
- 179K Life & Family
- 263.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards