Help Coming To The End Of My Fixed Rate ,what Now ?

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deltap1966
deltap1966 Posts: 4 Newbie
First Anniversary Combo Breaker
in Mortgages & endowments
Hi Everyone Hope You Can Give Me Some Advice . Me And My Wife Are Coming To The End Of Our Fixed Rate Of 4.79% With Cheltenham And Glos At The End Of September. What Is Our Next Step We Are In A Good Position In That The House Is Worth Around 200,000 And The Mortgage Is For 118000 But Its Still Over 25 Years. Advice Would Be Welcome Thanks.

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  • confused31_2
    confused31_2 Posts: 1,272 Forumite
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    youve got plenty of equity in your property all you can do is shop around for the cheapest deal, but i dont think you will get anything near 4.79.

    You should have no problem getting a deal, but it will probably be about 6.5 percent, dont your current lender do loyalty deals?

    confused
    I am not a Mortgage Adviser
    You should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ziknik
    ziknik Posts: 248 Forumite
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    Use this to work out what interest rates you can afford.

    http://www.bbc.co.uk/homes/property/mortgagecalculator.shtml

    And this to work out what is on the market

    http://www.fsa.gov.uk/tables
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