mwjw Posted January 28, 2013 Report Share Posted January 28, 2013 Hi, Im thinking of remortgaging to fund our move to Perth, but im worried about what happens 2 years down the line, when the secured loan product ends its fixed rate. Will i be able to carry this on and choose another rate when im in Australia?. Im really worried if i do this and make the move, we wont be able to carry on the secured loan as we wont be uk residents. Has anyone else done this, think this is crazy?! Cheers Mike Quote Link to comment Share on other sites More sharing options...
phil Posted January 29, 2013 Report Share Posted January 29, 2013 Best bet is to have a chat with your mortgage lender about what would happen if you moved to Perth. Or see an Independent Financial Adviser. Typically, when you sign up for a fixed rate loan, when the fixed period ends it will move to their variable rate at that time and their under no obligation to offer you another fixed rate. In practice, they often will. Not sure how they'll handle a change of residency. Quote Link to comment Share on other sites More sharing options...
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