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End of term Mortgage

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Comments

  • Jhoney_2
    Jhoney_2 Posts: 1,198 Forumite
    edited 2 January 2015 at 7:29PM
    It would appear it's just the end of the fixed.

    Presumably, the issue is arrears or a horrible SVR with existing lender?

    Glad it's nothing horrid like a home repossession as someone does live there.

    Hope it works out all the same.
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    I don't think it is end of fixed term. If so typically the mortgage express svr is very attractive
    I 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.
  • Jhoney_2
    Jhoney_2 Posts: 1,198 Forumite
    drdaz1 wrote: »
    yes it was for a fixed period. (5years)
    the Mortgage is roughly 68k.
    property is worth in the region of 75k.
    No I do not live at the property. it is Tenanted.
    Thanks.

    Now I am confused...perhaps arrears then if there is a deadline for resolution....
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Jhoney wrote: »
    Now I am confused...perhaps arrears then if there is a deadline for resolution....

    Answers to Dave Ham's questions would be helpful.
  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Have you explored all avenues with a competent mortgage broker?
    I 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.
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