Remortgage

bastead

I had a mortgage with Nationwide which was a tracker and it ended in December 2008,I then took a renewed mortgage out with Nationwide at a fixed rate of 5.78% for five years in December as adviced, wanting to know what I had to pay for the next five years. I have now looked at my agreements and could have possibly stayed on my current mortgage at 2% above Bank of England rate which would have been lower than above rate 4.69%. Have I been adviced wrongly? or is it my fault for not properly reviewing the situation? or have I got the agreement details wrong?

If anyone can give me any advice I would be greatful

Thanks

_Andy_

If you wanted the stability of a fixed rate then no, you haven't been advised incorrectly. I think you're slightly bitter as the base rate is so low.

bastead

Not bitter at all just wondered, thanks for your reply it was very helpful.