What to do?

dreaddan

Were comming to the end of our last deal (1mth to go ohps) but were thinking of moving so cant go for a fixed deal again.
With a possability of relocating and rending for a while first were not sure what the best thing to do is.

can any one help?

poppy10_2

dreaddan wrote: »

can any one help?

Perhaps, if we could understand your question

Emmzi

I THINk the OP is coming to the end of a fixed term mortgage period.

They are considering moving house, perhaps selling up and renting a property for a while before buying again.

Under those circumstances, what is their best option?

(Hope that is right.)

I would suggest sitting on a variable rate until you have decided where you want to live and if you want to rent or buy. Anything else may give disproportionate arrangement and repayment fees.

dreaddan

Sorry for the badly worded question I was in a hurry and didn't check it. Emmzi, got it right.
Were currently looking at moving, were either going to stay in an area we know and buy or possibly relocate to another part of England where we don't know.
Rather than find we have bort somewhere we don't want to stay we want to rent first.

The current thinking is to stick with our lender and drop onto there svr (not too bad @7%) , which again I Emmzi has said.

I assume other lenders have fees for transferring even if for a svr, so I'll have to have a quick look to see if it's worth moving from Hfx at this point.

Thanks
Dan

herbiesjp

There are plenty fee free deals that you could look to move onto, and that have no penalties to leave when you want to. You'll need to take into account the exit fee your current lender will charge you though

luckyfool

Phone halifax and ask if they have any direct product transfer trackers with no ties and no fees (ideally). They may be able to offer you something better than the Halifax SVR @ 7.75%.