Help required

mrsdogzy_2

My husband and I currently have a mortgage with Northern Rock and the fixed rate expires in October 2008 so I need to start looking for a new deal.

I have 2 problems. We are looking to put our house on the market in the near future and will need a bigger mortgage when we buy a new house but this is also dependant on my grand mothers house selling and we don't know know when that will be. Are we going to be able to get a new deal on our current house and then in a few months time transfer it and possibly need more money on a new house.

Secondly I am currently on maternity leave so am only getting maternity pay. Is this going to affect applying for a new mortgage?

Finally can someone recommend a fees free, whole of market mortgage advisor in Norfolk?

Thank-you

koexelek

Really depends on how soon you are going to move ?

If it is going to be soon, you might be as well to stick it out on Northern Rock variable rate until such time as you move.
You will then be a free agent, and can look at the whole market.

You could remortgage now, and port the deal when you move, but there are two slight problems...

... you will then be tied in to the new lender when you move, thus restricting your choices

.... they may lend enough now, but not enough when you want to move, maning you have to pay an early repayment charge if you have to take the new mortgage with someone else.

Another option is to look for a remortgage deal with no tie ins, but they are pretty few and far between at the moment.

Regarding the maternity pay, a lot of that will depend on when/ if you are going back full time.

I'm based in Cambridgeshire by the way, so not too far from Norfolk.