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2 Fixed Rate Mortgage Products, 2 Different End Dates
Mari_595
Posts: 1 Newbie
We currently have two separate mortgage products with the Principality, and both fixed rates come to an end next year (one in April and the other in October).
We'd like to shop around for a new provider and get one mortgage product to keep things simpler, but won't be able to do this until October to avoid exit fees.
Is there anything that we can do between April and October next year whilst we wait for both mortgages to avoid paying such a high interest on the mortgage product that finishes first? (It would be an extra £200 a month!)
Thank you for your help from a brand new poster :A
We'd like to shop around for a new provider and get one mortgage product to keep things simpler, but won't be able to do this until October to avoid exit fees.
Is there anything that we can do between April and October next year whilst we wait for both mortgages to avoid paying such a high interest on the mortgage product that finishes first? (It would be an extra £200 a month!)
Thank you for your help from a brand new poster :A
0
Comments
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Not unless they have any products with no early repayment charges, having recently been with Principality myself, I do not think they have any products along those lines.
How much would the ERCs be on the other part? if less than a grand or so it may be worth moving and paying the ERCs?I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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.0
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