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Remortgage early?

Dribiddi
Dribiddi Posts: 119 Forumite
Sixth Anniversary 10 Posts
edited 15 June 2022 at 6:34PM in Mortgages & endowments
Has anyone ever heard of Barclays allowing you to remortgage within a fix without having to pay early repayment?
Im 2 and a bit years into a 3 year fix but will be a full time student at the 3 year point.  Scared I will go onto the SVR and see my payments go up £400 which I can’t afford and not be able to fix because I am a student 

Comments

  • george4064
    george4064 Posts: 2,951 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Why don’t you ask Barclays yourself?
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
  • Edi81
    Edi81 Posts: 1,514 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    They won’t let you off the ERC. 
    I believe Barclays will let you switch product online in which case there would be no affordability checks (as long as you don’t borrow more). 
    You could see the earliest Barclays will let you lock in a rate to protect against further rate rises. 
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