Is there any help/option?

noody123

HI, not sure if anyone has any advice on this one. I have a mortgage on fixed rate ending this september. I also have a huge amount of std(sexually transmited debt from my ex husband). this means i am unable to jump morgage company due to no credit rating and no reasonable rate company willing to mortgage me.
I am on a tight budget and use the consumer credit council to sort the debt problem.
The Abbey who my mortgage is with base interest rate at the mo is7.84 %
on a 5 yr fixed rate it is 6.39% £299 to set up and 10yr is 6.15% and £75.00 to set up.
My dilema is A) do i struggle with a base rate until the interest rates drop and then sign up for a fixed rate?
do i sign up for the 10 year and hope the interest rates don't drop below the fixed rate.
C) some one has another sugestion i have not thought of?
The 5 year fixed rate is not an option as i do not have the money spare to pay it.
Any advice will be greatfully recieved.

SantanderAbbey

Fees can be added to the balance and the 5 yr rate is 6.35% (With £299 fee). Both this and the 10yr deal will have some quite high ERC's if you were to finish them early.

7.84% is the SVR (Standard Variable), now what is to say that the rates wont continue to rise.

Nobody really knows the financial situation that you are in, so it is very hard to give advice but hopefully that gives you a bit more to work on.