We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

House for sale. Short term fixed rate mortgage?

Options
Hi

I have a second home that I rented out but ended the tenancy as I intended selling as my five year fix was coming to an end this August. The house is currently on the market but not shifting as quick as I would have liked. No offers yet!

Is anyone aware of a short term fixed rate mortgage with minimal or no redemption penalty that is available that I could take out or am I going to have to stick to the base rate mortgage whilst it sells and just suck for the higher interest rate?

Tia

Comments

  • la531983
    la531983 Posts: 3,111 Forumite
    1,000 Posts First Anniversary Name Dropper
    No tracker rates available?
  • gwynlas
    gwynlas Posts: 2,250 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Is the house looking its best or showing as an ex rental property?

    It might attract more viewings if it looks fresh and bright.
  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    What have you been offered by your existing lender? 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.