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Low mortgage balance, any products available?

We have been told that, because our mortgage balance is below £40,000, we are not able to access our building society's mortgage products, so will go on to their standard variable rate when our current product ends. Is this our only option? It's nice to finally have such a low mortgage, but not so nice that our monthly payments will increase 😩

Comments

  • muhandis
    muhandis Posts: 994 Forumite
    Eighth Anniversary 500 Posts Name Dropper Combo Breaker
    There appear to be plenty of other lenders that will work with a loan amount <40k, please input the particulars of your circumstances in the MSE mortgage best buy finder to get a better idea of who they are https://www.moneysavingexpert.com/mortgages/best-buys/
    We have been told that, because our mortgage balance is below £40,000, we are not able to access our building society's mortgage products, so will go on to their standard variable rate when our current product ends. Is this our only option? It's nice to finally have such a low mortgage, but not so nice that our monthly payments will increase &#55357;&#56873;
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