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Nationwide - Unable to get a new rate?

I have less than 2 years to run to pay off on my interest only mortgage. My current fixed rate ends this month and I am being automatically moved onto the SVR.
This is much more expensive and liable to increase further if interest rates rise.
Nationwide will not offer me a fixed rate deal as they do not have such products for less than 2 years.
What options do I have to find a deal to ensure my payments are manageable for the next ~20 months?
Thanks 

Comments

  • Edi81
    Edi81 Posts: 1,502 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Nothing unless you can extend your borrowing time. 
    What are your plans to repay the capital in 2 years? Can’t you repay now?
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Very few lenders are now doing Interest only mortgages and many have not offered them for years.
    So I am guessing your mortgage is 20+ years old ?
    What were your plans to repay the mortgage ?
    Endowment?
    Pension lump sum ?
    Sell up and buy a smaller property for cash ?
    If your still working you could look for a mortgage broker to see what's available for your circumstances 
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