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Originally Posted by FlamesAddiction
Just out of curiosity though, are there options to change your mortgage to a fixed one after the first year (my year will be on the 23rd of this month), or do you have to wait until the 5 year term first?
On the bright side though, it makes buying a 2nd property easier if prices go down.
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You should be able to convert your variable to a fixed rate mortgage at any time. I believe that most lenders allow this but you may not get a very attractive rate for your remaining term.