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Fixed Rate Ending & Moving
thomas1988
Posts: 28 Forumite
Hi there,
My fixed rate deal ends on 31/1/19. I want to put the apartment for sale in May 2019 so there will be 6 months or so in-between? When we move I want to put my partner onto the mortgage too. I know you can port a mortgage but would end up with 2 parts to the mortgage with different end dates. What are my options?
My fixed rate deal ends on 31/1/19. I want to put the apartment for sale in May 2019 so there will be 6 months or so in-between? When we move I want to put my partner onto the mortgage too. I know you can port a mortgage but would end up with 2 parts to the mortgage with different end dates. What are my options?
0
Comments
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Stay on SVR or switch to a penalty-free tracker product in the interim, if your lender offers one.
If you can do it fee-free, it may even be worth remortgaging to a new lender for such a product, to avoid SVR on a larger mortgage.
Keep everything clean/separate for the joint purchase application.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thank you for this. I'm with RBS currently so I am guessing it may best to stick with them on a tracker if they offer it or move to the SVR. The only problem with SVR is its an extra 100 a month.
I agree it needs to be as clean as possible and penalty free so that when I sell its clean.0
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