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Anyone gone onto a discounted with a small building society which are top of the tables with rates?
IAMIAM
Posts: 1,395 Forumite
Seems the only sensible thing to do to avoid mortgage costs doubling per month!!! Anyone had any issues?
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Comments
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Don't know why you would be concerned about a small building society. If they come up with the cash then who cares who they are.
Bare in mind a lender can increase their SVR at any point to whatever they want and your rate will go up. You can be certain it will be increased in the coming months, and many have already been doing this. Be sceptical of anyone with an SVR under 6%, it's likely on its way up shortly.
You are likely to find in the short term the discount is going to end up close to the current fixed rates or exceeds them.2 -
Agreed. Hence if it comes to it, I would prefer a tracker product that tracks the base rate instead.
3 -
Most big lenders svr is 5-5.250
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