When Your Fix Ends.

The UK Mortgage Handbook With 10 Online Calculators: Remortgage or Product Transfer, Escape the Standard Variable Rate and Cut Credit Card, Overdraft and Car Finance Costs

von Jp O'Connor

174 Seiten, Taschenbuch

Kurzbeschreibung des Verlags

Your fixed deal is ending. Doing nothing is the expensive option.Bank Rate has not changed since 18 December 2025. Yet the average two year fix has climbed about a full percentage point since March 2026, and the average Standard Variable Rate sits at 7.13%. If your deal ends and you do nothing, the SVR is where you land.In September 2026 three members of the Monetary Policy Committee voted to raise Bank Rate rather than cut it. The next move being argued about is up. That is the reverse of what most people still assume.This handbook is for the household holding a letter that says the deal ends in a few months, trying to work out what it costs and what to do about it.Inside- The product transfer that needs no affordability check at all, under MCOB 11.6.3R. Negative equity, arrears, a halved income, a refusal from every other lender: none of it stops one. 81% of refinancing in the second quarter of 2026 went this way- Nobody is advising you on a product transfer. Your lender must show you the products you qualify for. It does not have to tell you which is best, or that another lender is cheaper- Fix for five years or more and the affordability stress test does not apply at all. The same borrower taking a two year fix is tested on the pay rate plus at least one percentage point, so a longer fix can let you borrow more- When an early repayment charge is worth paying, and when it never pays back- What the 7.13% average SVR costs against a best buy fix, month by month, on your own balance- On a PCP, half the total amount payable includes the balloon, so the voluntary termination point comes far later than halfway through the agreement- What Breathing Space actually freezes, the one debt it does not touch, and the free services that set up a plan and run it for you- A 90 day plan, template letters to your lender, a glossary and a one page checklistTen companion calculatorsEvery chapter that does math carries a QR code and a short web address. Put in your own balance, rate and expiry date and get your own number, not an example. Nothing you type is stored, sent anywhere or seen by anyone.Written in plain English by JP O'Connor. He is not a mortgage adviser, a broker, an accountant or a lawyer, and the book never pretends otherwise. It explains how the rules work, shows the math with worked examples, and names exactly who to take it to.Honest about what moves. Rates, thresholds and lender policies change. Every figure that could move carries a Check this one box saying where to check it and who to ask. The Bank of England, the FCA, Moneyfacts, MoneyHelper, StepChange, your own lender.General information about UK mortgages and debts. Not financial advice, and not a recommendation to take out, keep, switch or close any product.

• Reihe: Independently published
• ISBN: 9798175794107
• Sprache: Englisch
• Erscheinungsdatum: 20.09.2026
• Größe: 229 x 152 mm
• Verlag: Independently published