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Original poster

Choosing a fixed rate mortgage

4 replies

ItsAllTLAsToMe · 21/03/2013 09:00

Is it also important to take into account the SVR after the initial fixed rate period?

Mortgage broker + DH don't seem to think so, but I do!

OP posts:
HousewifeFromArimathea · 21/03/2013 09:11

I don't because I get another deal straight away when the current term comes to an end.

derektheladyhamster · 21/03/2013 09:14

I always swopped to another deal afterwards.

Original poster
ItsAllTLAsToMe · 21/03/2013 09:20

Well, yes, but isn't there a risk of adverse circumstances meaning that this isn't possible? (20% deposit if that affects anything).

OP posts:
mrsminiverscharlady · 21/03/2013 18:47

But the SVR can, by its very nature, change whilst you're on the fixed rate - there's no telling what it will be by the time you go on to it. If you're really concerned then maybe get the longest term fix you can rather than the cheapest.

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