mejonaNO12 aka riskit
Well-known member
Now I have a query which I'm kind of embarrassed to ask as I feel it's something I should KNOW myself.
I bought my first property with my girlfriend over a year ago and, at the end of this year, the 2 year fixed rate is up.
We basically scrapped together a VERY small deposit on a long mortgage as we were just desperate to get on the ladder instead of renting. Delighted that we did, even if we are budgeting a lot at the moment (season ticket is a necessity obviously).
At the end of our two year fixed rate can we renogotiate another fixed rate with the bank/someone else of will we have to drop to variable? I don't mind paying more than variable each month, I just like to know EXACTLY what is due to come out for my mortgage each month (even if my repayments are high).
Again, I feel VERY stupid for having to ask this!
I bought my first property with my girlfriend over a year ago and, at the end of this year, the 2 year fixed rate is up.
We basically scrapped together a VERY small deposit on a long mortgage as we were just desperate to get on the ladder instead of renting. Delighted that we did, even if we are budgeting a lot at the moment (season ticket is a necessity obviously).
At the end of our two year fixed rate can we renogotiate another fixed rate with the bank/someone else of will we have to drop to variable? I don't mind paying more than variable each month, I just like to know EXACTLY what is due to come out for my mortgage each month (even if my repayments are high).
Again, I feel VERY stupid for having to ask this!