Due to remortgage. What should I do?

sam611

Hi All,

I am at the end of a fixed rate and I'm really unsure if I should wait to get another fixed rate as the interest rates are so low or grab what I can now! My mortgage is £99,900 and I cant afford a repayment mortgage so unfortunatley I'm stuck with interest only. :mad:

All feed back will be very gratefully received.

Sam xx

_Andy_

Hi Sam

How much is your property worth, realistically?

ives_2

loan to value is key to get one of the best rates, also who is your existing lender as variable rates with lenders are low at the moment without being tied in. I think once lenders get comfortable with lending monies again could be a rate war only my opinion. If it were me i would sit on fence and stay on variable for a little while longer

sam611

Approx £180,000 - £170,000. I have looked at downsizing so I could go onto repayment but due to having 2 children I will end up spending about the same on a flat!