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Fixed Mortage deal is away to end- worth switching to Variable for 2 years?
cameroon95
Posts: 33 Forumite
Hello Everyone,
My Mortage is currently @ 1.54% with Santander , I have £248,000 left to pay from a £315,000 house sale.
I have never in my life went to a tracker mortage but with the very low rates at the moment I am tempted, however it would seem that this would involve moving to HSBC. Does anyone think that this is a wise move? Just worried incase the base rate increases and I would be switching lenders which I have never done during a mortgage period. Am I right in thinking they would need to perform a valuation?
Many thanks
My Mortage is currently @ 1.54% with Santander , I have £248,000 left to pay from a £315,000 house sale.
I have never in my life went to a tracker mortage but with the very low rates at the moment I am tempted, however it would seem that this would involve moving to HSBC. Does anyone think that this is a wise move? Just worried incase the base rate increases and I would be switching lenders which I have never done during a mortgage period. Am I right in thinking they would need to perform a valuation?
Many thanks
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