Fixed term ended. New mortgage?

tetrazini

I am getting a fixed rate 2 year mortgage. Can anyone tell me after the 2 years are up am I free to get another mortgage elsewhere or will I have to pay the penalties for paying off my mortgage sooner than the 30 year term if I go to a different company after the 2 years? Hope that makes sense. Thanks

K_S

@tetrazini Normally, with most standard residential 2 year fix products, you are free to leave without any penalties / Early Repayment Charges the day after your fixed period ends. There might be a small mortgage redemption fee which will be dealt with as part of conveyancing.

For your specific mortgage product conditions, and to see if the above applies to you, what the exact period is (it's not always exactly 24 months) dig through your emails and see what it says in your mortgage offer or illustration.