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Please help

DMC75_2
DMC75_2 Posts: 216 Forumite
in Mortgages & endowments
Hi,

I am coming to end of fixed rate at end of jan 09 , I would like to get on another fixed rate as have 75% LTV and looking for mortage of 140k over 22 yrs . Not sure whether to go fixed or not , got a tracker arranged through advisor for 5.24% at moment (0.74% abobe base rate).

Any ideas on best fixed rate ? Also shall i do 5yr or 2yr fixed

Thanks

Comments

  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    If you have a read of the mortgage forums this gets discussed nearly every day.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Fixed rates will currently be higher than that - or at least those with resonable fees

    We'll have to wait and see if any confidence comes back into the market, leading to Swaps, LIBOR and mortgage rates to come
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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