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Fixed term ending
cmarshy201
Posts: 9 Forumite
My 10 year fixed term ends in may 2019, if I have the funds available can I just pay off the remaining balance or do I need to get another mortgage.
Thanks in advance.
Regards,Chris
Thanks in advance.
Regards,Chris
0
Comments
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No one can force you to get another mortgage.0
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If you do nothing you will go on to SVR by default.I am not a cat (But my friend is)0
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what rate is the mortgage what % is the ERC what rate are your savings.0
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Would I have an ERC if the 10 year fixed has come to an end?0
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if you have the money it may be worth paying it off now.0
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cmarshy201 wrote: »Would I have an ERC if the 10 year fixed has come to an end?
Depends on your deal. SVR = no ERC (most probably). Any other deal, it depends. Quickest to ask your bank.0
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