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Can I change to HSBC standard variable rate?


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Written on: 10.01.2010 [21:38]
Rost
Rost
Topic creator
Posts: 1
I currently have a 2 year fixed rate mortgge, but I am a little annoyed about the rates being so low at the moment is there any way that I will be able to revert back to the HSBC standard variable rate? My renewal date is in September but I would like to be able to do so beforehand. Is this possible? What can I do to get out of mine? Will I get charged a ridiculous amount?
Written on: 16.01.2010 [15:00]
Maisie
Maisie
Posts: 4
You can get out of your fixed rate mortgage but it will cost you, just like everything in this world icon_wink.gif I would check your contract, sometimes the details are ok and it is something like a slight percentage. But definitely check thoroughly as sometimes it can be thousands and thousands of pounds to get out of this type of mortgage.
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  • Written on: 17.01.2010 [21:32]
    Sunita
    Sunita
    Posts: 4
    You expect to get out of your deal because the rates are low, bet they would let people get in to to a fixed rate mortgage if the rates went up so why should they let you cus the rates went down. You signed a contract now stick with it.