When Fixed Rate Mortgages End

[patihan]

Hi All,

This may seem like a question I should be asking my bank, but there are reasons why I dont want to do that at the moment.

My fixed rate mortgage comes to an end next May, when this happens do they just send you a new schedule of the new rate and then things just carry on, or is there a re-submitting payslips saga or is that just for re-mortgaging when people cant afford the new rate after the fixed term? any help would be very much appreciated.

PATIHAN :)

[Ethel]

Your mortgage will go on to their standard variable rate automatically

[CheekyChops]

As Ethel says, you will automtically go onto the lenders standard variable rate unless you arrange a new deal with them or someone else beforehand.

[patihan]

Thank you both :)

[factor-fiction]

Each time my two year deal with Coop Bank ends they offer me a number of options . Yes, one option is the SVR but they know I may shop around so there's always a good alternative offer included. I'm delighted I took out that base rate tracker in the summer!