End Tracker Deal Early?

cjohnson355

Hi,
My current fixed rate mortgage deal is up for renewal. My house is about to go on the market and "if" it sells I will pay the mortgage off completely and will be mortgage free. Woohoo!
I'm planning to go onto a tracker mortgage so I will not incur an early repayment fee if I sell quickly but if the mortgage rates suddenly rises dramatically and the house doesn't sell then I'll be in trouble. It feels a bit like I'm playing Russian roulette and it scares me. Now I wondered if anyone knows if I can pay to leave a tracker deal early if I wanted to change to say a fix rate deal instead? I can't find anything on my Santander tracker offer that says anything about getting out of this 2 year deal early. This would obviously be a last resort and I'm sure I'd be looking at paying thousands to get out early but for peace of mind it would be good to know I have that option.

AnotherJoe

Mortage rates wont rise "dramatically". The economic conditions are completely wrong for that.
However if you are looking to sell imminently then can't you just go onto the SVR for a few months ?

Alternatively there will be a renewal product with your current lender just choose one that doesn't have an ERC.

On a related matter if you think it will take a year or longer to sell your house then you are asking too much for it.

I presume you are downsizing?