When to search for new deal

kerfuffle_2

Hi there

My current variable rate mortgage deal ends in mid July, and I will be looking for a new deal based on 90% loan required.

Does anyone have any advice in terms of the best time to start pinning some deals down?

With the quantitative easing announcement, am i right in thinking that holding on for now would be better since mortgage rates should come down in the next couple of months?

then the question is how long should i leave it for?

any advice welcome

thanks!

WGG1848

We are with the Cheshire with an interest only mortgage and this comes to an end late May.

They have been in touch and provided a number of options to enable me to continue, with only a £12 charge.

This gives us quite some time to consider what to do.

Fliss_M

kerfuffle wrote: »

Hi there

My current variable rate mortgage deal ends in mid July, and I will be looking for a new deal based on 90% loan required.

Does anyone have any advice in terms of the best time to start pinning some deals down?

With the quantitative easing announcement, am i right in thinking that holding on for now would be better since mortgage rates should come down in the next couple of months?

then the question is how long should i leave it for?

any advice welcome

thanks!

You will struggle to get a deal at all with 90% LTV. And if you do the rates will not make for pleasent reading.

Your better off overoaying as much as you can to bring your LTV down and hope (like many inc. me) that when rates rise again, house prices will go with them so you can get a deal then that isnt too bad (and the mortgage companies can offer a loan at the rate you need)

Not the best news I will admit and very frustrating.

You could try your current lender when the time gets within a month and see if tey can offer you anything.