{"id":101436,"date":"2018-11-19T14:00:23","date_gmt":"2018-11-19T07:00:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-remortgage-for-the-final-18-months-of-my-loan\/"},"modified":"2018-11-19T14:03:24","modified_gmt":"2018-11-19T07:03:24","slug":"should-i-remortgage-for-the-final-18-months-of-my-loan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-remortgage-for-the-final-18-months-of-my-loan\/","title":{"rendered":"Should I remortgage for the final 18 months of my loan?"},"content":{"rendered":"


\nI have an interest-only mortgage and I\u2019m a bit concerned in case the rate goes upQ My current fixed-rate mortgage deal ends about 18 months before my mortgage comes to an end in 2022. It\u2019s an interest-only mortgage so the last \u00a340,000 should be paid off by my endowment (it was meant to pay off \u00a365,000 but underperformed so this is their latest prediction, and I am too late to make any claim about that). My bank has told me I can\u2019t take out another deal and will have to go on its standard variable rate for the last 18 months of the mortgage. I am a bit concerned in case the rate goes up and I get stung. It seems very unfair. Not only have I had to pay off an extra \u00a325,000 because of the poor investment vehicle but I now might have to pay more interest.Is there any course of action I can take to improve this situation? Should I remortgage again at some point so I can fix until the end of the term?AB Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should I remortgage for the final 18 months of my loan?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I have an interest-only mortgage and I\u2019m a bit concerned in case the rate goes...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-101436","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qo4","jetpack-related-posts":[{"id":88051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-get-a-residential-mortgage-with-immediate-consent-to-let\/","url_meta":{"origin":101436,"position":0},"title":"Can I get a residential mortgage with immediate consent to let?","date":"May 14, 2018","format":false,"excerpt":"\r I bought a house but am renting it out as I\u2019m working in a different city for a couple of years Q I bought my house in 2015 with a mortgage with an interest rate fixed for two years. At the end of the two years at the beginning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/extraordinary-interest-rates-on-10-year-fixed-rate-mortgage-deals\/","url_meta":{"origin":101436,"position":1},"title":"\u2018Extraordinary\u2019 interest rates on 10-year fixed-rate mortgage deals","date":"November 2, 2014","format":false,"excerpt":"\r Is a decade too long to tie yourself into a mortgage? Just watch out for early repayment charges, brokers warnTen years \u2026 it that too long to tie yourself into a mortgage deal? Lenders don\u2019t seem to think so and have started to launch decade-long fixed-rate deals with \u201cextraordinary\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140016,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adjustable-rate-mortgage-demand-hits-highest-level-in-nearly-a-year-as-interest-rates-continue-to-climb\/","url_meta":{"origin":101436,"position":2},"title":"Adjustable-rate mortgage demand hits highest level in nearly a year as interest rates continue to climb","date":"October 25, 2023","format":false,"excerpt":"\r Mortgage demand has essentially stalled at the slowest pace since 1995, as mortgage interest rates continue to rise.\r \r Source : cnbc.com\r Read more...Adjustable-rate mortgage demand hits highest level in nearly a year as interest rates continue to climb","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70482,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-to-pass-on-interest-rate-rise-to-mortgage-customers\/","url_meta":{"origin":101436,"position":3},"title":"Nationwide to pass on interest rate rise to mortgage customers","date":"October 31, 2017","format":false,"excerpt":"\r People on the building society\u2019s variable rates would see a 0.25% increase in their monthly bill, if the Bank raises the base rate to 0.5%Nationwide has paved the way for an across-the-board increase in mortgage costs by announcing that a 0.25% interest rate rise would be passed on in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119806,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-wars-anz-matches-record-low-westpac-interest-rate\/","url_meta":{"origin":101436,"position":4},"title":"Mortgage wars: ANZ matches record-low Westpac interest rate","date":"January 20, 2021","format":false,"excerpt":"\r Competition in the home loan market has stepped up a notch again with ANZ moving to match rival Westpac.The country's largest bank has dropped its one-year fixed term mortgage rate to 2.29 per cent - a rate which Westpac began offering...\r \r Source : nzherald.co.nz\/Property\r Read more...Mortgage wars: ANZ\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138705,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-demand-drops-again-after-fha-loan-interest-rate-hits-21-year-high\/","url_meta":{"origin":101436,"position":5},"title":"Mortgage demand drops again after FHA loan interest rate hits 21-year high","date":"August 9, 2023","format":false,"excerpt":"\r Mortgage interest rates soared across the board last week, as the rate on the government's low down payment option increased to the highest level in 21 years.\r \r Source : cnbc.com\r Read more...Mortgage demand drops again after FHA loan interest rate hits 21-year high","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/101436"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=101436"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/101436\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=101436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=101436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=101436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}