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Remortgage - fix for life?
Yorkshirelass123
Posts: 12 Forumite
Hi. My current mortgage ends on 30 April. I need a £65k mortgage and have 12 years remaining, with house valued at £200k. I'm tempted to get a 'fixed for lifetime' mortgage and have seen some good offers, but is there any disadvantage of doing this that I might be missing? I may move house in the next couple of years so expect high penalties but could I just transfer the mortgage to the new house to avoid high fees? Alternatively, should I just get a 2 year fix instead? Grateful for any advice please. Thanks
1
Comments
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What rates have you been offered? Any product fees attached?
Ensure that the product is portable to a new property.1 -
Hi Thrugelmir. I can get a 1.99% life of mortgage rate with a £265 set-up fee. I'm not sure if that is portable or not though.0
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