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Current Mortgage Fixed Rate
J_Watson
Posts: 4 Newbie
Hi,
My current mortgage fixed rate is coming to an end on 31st of October (yeh brexit day..). I am in the process of applying for a further advance with Nationwide to pay off my help to buy loan.
My question is...
Will the LTV rise on the main portion of the mortgage after the further advance has gone through or will this be treated separately?
I wanted to hold off fixing my rate but obviously if the further advance would cause my current mortgage LTV to rise then it makes sense to fix that first to get a better rate, is that correct?
Thanks in advance.
My current mortgage fixed rate is coming to an end on 31st of October (yeh brexit day..). I am in the process of applying for a further advance with Nationwide to pay off my help to buy loan.
My question is...
Will the LTV rise on the main portion of the mortgage after the further advance has gone through or will this be treated separately?
I wanted to hold off fixing my rate but obviously if the further advance would cause my current mortgage LTV to rise then it makes sense to fix that first to get a better rate, is that correct?
Thanks in advance.
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