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What Mortgage to take for a year?
mrogers2010
Posts: 1 Newbie
Hi
Wondered if anyone can give me some advice.
My current fixed mortgage deal ends in August.
I'm looking to move house next summer 2021. My next move will require a bigger mortgage as I'm buying a more expensive house so I anticipate I'll need more money to borrow.
In the meantime what should I do? Get a discount deal for a year or just stay on SVR? I'm just thinking about fees. Dont need to get tied into them and have flexibility to start a new deal as soon as I move.
Wondered if anyone been in the same situation.
Many thanks
Wondered if anyone can give me some advice.
My current fixed mortgage deal ends in August.
I'm looking to move house next summer 2021. My next move will require a bigger mortgage as I'm buying a more expensive house so I anticipate I'll need more money to borrow.
In the meantime what should I do? Get a discount deal for a year or just stay on SVR? I'm just thinking about fees. Dont need to get tied into them and have flexibility to start a new deal as soon as I move.
Wondered if anyone been in the same situation.
Many thanks
0
Comments
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You need to se what your existing lender has to offer.
As you only want a new deal with No exit fees you will probably be looking at a discount/tracker deal.
Again check my phone with your lender that the deal has No ERC and apply online to start the new discount/tracker deal when your existing fox ends.
You can only do this when your keeping the same term and not borrowing any more money.0
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