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Tricky situation with mortgage and moving
househunting29
Posts: 1 Newbie
Hiya,
We're currently coming to the end of our fixed term 2% and they're moved us onto the variable rate of 8.7% with Halifax!! We initially thought this was the best plan as we'll most likely be going with NatWest for the new house (which we haven't found yet). NatWest take our foster allowance into account so give us a bit more to buy with.
My question is does a mortgage exist that is short term but not double our current outgoings? Or is it best to go fixed and pay an early repayment charge? I'm beyond confused and can't find any information online about individual exit fees etc. Also 5 months pregnant and have such a baby brain 😫
Please help 😫
We're currently coming to the end of our fixed term 2% and they're moved us onto the variable rate of 8.7% with Halifax!! We initially thought this was the best plan as we'll most likely be going with NatWest for the new house (which we haven't found yet). NatWest take our foster allowance into account so give us a bit more to buy with.
My question is does a mortgage exist that is short term but not double our current outgoings? Or is it best to go fixed and pay an early repayment charge? I'm beyond confused and can't find any information online about individual exit fees etc. Also 5 months pregnant and have such a baby brain 😫
Please help 😫
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