Help needed, remortgaging hse thats up for sale!

jerico

Hi, first time on the forum but here goes....my house is up for sale and just accepted an offer. However my current mortgage rate/offer ends at end of month and increases significantly. Should I remortgage on a deal that is not fixed at all (if such a thing exists!) or should I just pay the increased mortgage in the hope that the sale goes through quickly and without a hitch? Advice would be greatly received as don't know much about mortgages!
Thanks in anticipation for your responses!

Corley

i think you mean get a variable rate morgage??

herbiesjp

it really depend son timescales here - the re-mortgage process could take as long as the sale process.

You could ask your current lender if they have any deals, other than theri Standard variable rate, that you could go onto without having to pay a penalty when the sale finally goes through

mummytofour

Contact your current lender and see if they will allow you a better rate with no tie ins, you never know.
Also if its just for a couple of months you could gone on to an intrest only payment, that would save you having to pay so much each month for your mortgage.
Vxx