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what if i cant get another mortgage when my fixed rate ends? kensington!!!!


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It is more likely that if interest rates remain steady, your mortgage payments will go down rather than up, this is due to the low interest rates on at the moment.

What does your contract say? usually its a certain percentage over the Libor.

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i was worried about this when i was in this situation. i had a fixed rate of 5%

which ended last december. i found it impossible to re-mortgage and have

to pay 1.87% above the base rate so am actually better off. they are obviously

going to go up again but you cannot worry about that until it happens..

regards

hunterandthehunted

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i was worried about this when i was in this situation. i had a fixed rate of 5%

which ended last december. i found it impossible to re-mortgage and have

to pay 1.87% above the base rate so am actually better off. they are obviously

going to go up again but you cannot worry about that until it happens..

 

 

yeah i have spoken to a mortgage advisor who says that unless the rate dramaticaly shoots up then i shouldnt worry as im on a quite high rate as it is 7.66 and their variable is currently 6.8 so i would be better off but i think i just paniked myself as my partner is in the building trade and not much room for extra mortgage payments. thanx 4 replys peeps :)

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