mortgage deal ends in august - im worried i wont be able to afford

another

ok so my 5 year deal with the alliance and liecester is due to end in august an d i pay around 350 a month fixed about 5% but fieghtend if i have to arrange a new deal i wont be able to afford it. i am very worried and am just about about able to save a good amount each month and frieghtend that i wont be able to do anything but pay bills. id like to have a little money so i can spend on a few luxuries like a small car, going out (which i only ever go out once a month) and save for a rainy day. but its looking like i will have to stay in and save less which i feel is two steps back for me financially. can anyone see any light at the end of the tunnel for this bank thing.???? (hopefully b4 august)

DawnW

Do you mean August next year?

dunstonh

August is a long way away. So you cannot really change anything on the mortgage now. Plus you are unlikely to get a deal near what you have.

You are probably only looking at upto £100pm more than you are currently paying so it shouldnt be a problem for you. Well within the tolerance you would expect to budget for on monthly mortgage payments.