Need to renegotiate mortgage but also selling!

Jhoney_2

For anyone who is interested, they do offer this if you fix as an existing borrower (apparently).

So, after a discussion it seems I can do the tracker at the end of the fix without any penalty as per SVR. Only cashback and exit fee need to be repaid if I sell and redeem.

Quite a good idea, given how much the repayments drop for me - which I will then overpay or save.

Jhoney_2

dimbo61 wrote: »

So you would need to pay a £499 fee and then HOPE that you can save that much in the next few months until you sell?

No hope in this case Dimbo61, as I will be over £500 pounds better off pcm, but yes that would be the idea generally.

Thanks for pointing that out though.