Fixed Deal or SVR??

[Stoppingtheclock]

Hi Everyone, hope you can help.

Our fixed rate mortgage comes to an end soon - we are looking to move next year anyway and I was planning to stay on SVR to avoid any Early Repayment Fees - this will be an extra £101 a month due to current interest rate they are offering.
The best switch would save us around £30 a month but then looking at EPC fees of minimum £1000 (of all the products on offer thats the best one)
As far as Im aware there is no mortgage company that we could switch to that offers no Early Repayment Charges.
Do I have to accept Ill need to pay an extra £100 a month until we move or have I missed something?

Thanks in Advance.

You could look at a portable mortgage.

All ‘special’ deals will have early repayment penalties and likely arrangement fees.

Is the £30 saving compared to what you are paying now - or compared to the £100 extra on SVR?

Why do you need one without ERC? Are you planning on paying off huge amounts each year?

We’ve previously used London and Country mortgage brokers and they found us a great deal with a big bank. Worth trying them ? www.landc.co.uk/

@forensicAccountant that £30 is on what we are paying now. Porting is a good suggestion - I have checked and we could do this but would need to make a new application for additional borrowing but this could be a way around it - Thankyou

@rivermeadow No but thought I could switch to another provider on the hope than when sell (another 6 months or so) we can exit that mortgage with no charges.

@stillgardening Thankyou Ill take a look.

Another vote for landc but I think they are inundated right now. I have just had a new mortgage agreed through them though. Good rate and one I actually pinned them down only took a few days to go through to a
full offer. Good luck. We have gone for fixed but we are moving now and want money to do up new place so would prefer to keep fixed overheads for the foreseeable.

You could go for a tracker mortgage.

Many have no ERC so you save on interest when compared to the SVR but if you move next year, you keep all your options open.

Nationwide have a 2 year tracker at BOE rate +1.44% with no ERC. 60%LTV.