Interest rate for remaining term of loan advice
in Mortgages & endowments
9 replies 351 views
Will I be locked into this? A fixed interest rate of 3.89% that will apply from completion of the loan until 30th Nov 2027 followed by the society's standard variable rate. Currently 5.54% for the remaining term of the loan. (Offered on the 8th aug)
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The SVR will be whatever it is at the time. If it's not attractive, you'd normally look to remortgage, if you're able.
you choose what you want to do nearer the end of current fix (3-6 months before)
Current fix is a really good rate by the way 👍