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Fixed Term Question
Corley
Posts: 61 Forumite
If i get a fixed term, what happens if i decide to move house, do i forfeit the fixed term or would i just borrow some extra money(providing i was buying a bigger place) and keep the fixed term. sorry if this sounds stupid or has been asked before
0
Comments
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Hi Corley,
Like Chris Tarrant says, "they're only easy when you know the answer"!
Most fixed these days are portable so you can take it with you when you move house - just check it is before you sign up.
The extra borrowing you'll need probably will be at a different rate than your fixed, depends what interest rates do between when you fix and when you move.0
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