northern rock fixed rate ending this year

sunrise27_2

we've got a mortgage with northern rock on a fixed rate of 4.69 % which ends in November
we've had it for 7 years and were offered the chance of fixing it for a slightly higher rate until the end of our mortgage but we didn't do it and now I'm wondering if we should have done but oh well
our house is worth approx £240.000 and we have a mortgage of just over £50.000 I get confused by all the deals on offer and just wondered if anyone knew of a good deal and should we leave our fixed rate early and take out a new one or wait until November and see what has happened by then
our mortgage repayments are £551 a month at the moment
thanks in advance
we've got 10 years left now

dimbo61

First of all read all the paperwork that came with your mortgage offer.
Check to see what Early Repayment Charge there is IE 3/4% of loan
4.69% fixed is still a very good rate and even now most 5 year fixed rate deals are 4.69/4.99% with a FEE of £999
You have very good equity in your home and will have little trouble ( I hope !)
getting another deal in November.
Its too early to say what deals will be available come November but if you like the security of long term fixed rate then you might consider a 10 year fix to finish off your mortgage and become MORTGAGE FREE
Plus you only have one set of fees to pay !!
If you can afford to overpay each month as savings rates will not beat the interest rate you are currently paying ( check with lender ! )