Mortgages

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Ok so my new mortgage option is not for another 18 months but I am still concerned what the market will be like then and when I should start looking for a new provider. I am on a fix rate mortgage but the way the newspapers are talking, we will never see good rates like we are on for a very long time. Some newspapers are even reporting that some banks would prefer for their mortgage customers to go elsewhere.

It would be good to see an upto date list of the best mortgage deals

Ian_Griffiths_Halifax

It's far too early for you to be even thinking about the next mortgage. Leave it until around 4 months before the current deal ends before looking to switch lenders/deals.

If I could tell you what the rates will be in 18 months time I'd not be a Mortgage Broker, I'd be earning a fortune on Blackpool sea front.

As for the newspapers. Don't believe a word that you read in the newspaper or hear on the tv/radio as they only print doom and gloom and thats because doom and gloom sells. Investigative Journalists should be regulated by the FSA, just like the professionals are. Only if you are a qualified professional and you give rubbish advice, you get fined. If you're an Investigative Journalist and give rubbish advice nobody knows and you are free to carry on.

thejoose

If I were you I'd start looking 6 months out. Not all lenders will let you reserve a rate 6 months in advance but an increasing number will. This puts you in the powerful position of having a rate reserved so that when your existing lender makes your their offer to stay with them you have an alternative if it's a rubbish offer.