Brendan Burgess
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Some mortgage contracts allow a borrower the option for a tracker mortgage on expiry of the fixed rate. If you opted for the SVR , then all is not lost.
You should read your contract carefully as it may say that you have the option of a tracker after any fixed rate period expires.
If so, then you should fix again for as short a period as possible and then opt for a tracker.
Here is an extract from a letter to a borrower from ptsb. However, I believe it may apply to other lenders as well:
You should read your contract carefully as it may say that you have the option of a tracker after any fixed rate period expires.
If so, then you should fix again for as short a period as possible and then opt for a tracker.
Here is an extract from a letter to a borrower from ptsb. However, I believe it may apply to other lenders as well: