Fixed deal end date confusion

kartingmad

Hi All

So we have a 2 year fixed deal which we were accepted for back in October 2014 but didn't actually start paying until March 2015 due to a new build property taking longer than expected (as usual).

I've just had a statement through which tells me the deal will end in October 2016 but technically the 2 years of payments isn't up until February 2017.

Can anyone advise on when the deal will end and when do we have to re mortgage.

Thanks

[Deleted User]

It will be specified in your paperwork, but it will almost certainly end October 16. Fixed deals generally have fixed end dates, so you may get a little more or less than the 2 years, depending on your start date.

amnblog

Some two year fixed rates run for 24 months from completion, most run to a set date meaning that if completion is delayed you don't necessarily get two years on the product.

For example a two year fixed rate applied for today may have an end date of 30/06/2018 or 31/07/2018

The lenders paperwork should be correct.