What happens at the end of the discounted, tracker or fixed rate period?
Your rate will revert to the lenders Standard Variable Rate unless the product you have has any further features eg some fixed rate products may revert to a form of discount or tracker when the product term expires. [Back to the top] Why do the best mortgage deals vanish so quickly? When a lender offers a special mortgage such as a market leading fixed rate they have a certain amount of funds available on that product. With very attractive deals this first allocation may be taken up very quickly on a first come, first served basis. Once funds have run out the lender returns to the money markets to source further funding, depending on the rates now available to the lender in the money markets will effect the decision whether to continue to offer the product or to amend the rate being offered. [Back to the top] What is a flexible mortgage? A flexible mortgage is one with a number of additional features compared to a standard mortgage. Generally these mortgages allow you the ability to va
