Mortgage deal ending

If you are worrird about big drops get a fixed for 2 years and IF there is a big drop a lot will be 1% early repayment in the 2nd year, but you need to check this out along with additional fees (could be £0-£200).

However a 5 year fixed you will only get 1% early repayment in the 5th year and will be 2% to 5% prior to that, on a sliding scale.

In reality the early repayment fees will be more than the drop, but make sure you check out what they are for whatever you get as some seem very punitive. You are likely to get a similar deal in terms of monthly cost with better early repayment terms if they are not offering 2% and 1% in the last 2 years. You probably won't use it but may give extra peace of mind.
 
Same here, mortgage runs out in November, end of a five year fix on 1.95%, Tempted to go on a two year tracker and see how the market goes over the next couple of years
 
uptheblues said:
Same here, mortgage runs out in November, end of a five year fix on 1.95%, Tempted to go on a two year tracker and see how the market goes over the next couple of years
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Same position, end of November mines up.

Have you got the ball rolling ?
 
Isn’t the issue that some lenders won’t be offering fixes if you fail stress testing?
 
denislawsbackheel said:
Isn’t the issue that some lenders won’t be offering fixes if you fail stress testing?
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That doesn't seem to be so much of an issue with a remortgage. I mean I had a 52% loan to value rate which made everything a bit cheaper anyway but everything was pre approved. I'm lucky in that this will be my last mortgage ever now but I fixed for 2 year imagining they be coming down in that time
 
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