Fixed rate coming to end - when to remortgage?

alidai

Hi all, myself and my partner bought our house nearly tow years ago now so our 2 year fixed rate deal will be coming to an end in jan. It's with ge money so we'll be moving onto their svr if we don't remortgage.

Can anyone give me an idea of when to look about remortgaging(if that's what we should do) - or should we have started already?

We're pretty clues up about most things financially but this is our first mortgage and therefore obviously our first remortgage!!

Any help/advice would be most appreciated.

Cheers

foreversummer

Are you happy to go onto the SVR or do you wish to fix again? Your lender may be able to offer you another deal when your current one ends.

If you bought in the peek two years ago with a small deposit it is possible that you are in negative equity. This usually means you cannot get a mortgage from another lender.

Post a bit more information, ie purchase price of house, amount outstanding on your mortgage, realistic valuation of your house at present etc.

Foreversummer

dimbo61

Read the paperwork that came with the mortgage offer ?
What does it say the mortgage reverts to at the end of the FIX ? SVR/ Tracker!
might be better to go onto that deal at no cost rather than remortgage
check what deals your existing lender is offering to existing customers

herbiesjp

Also - why are you with GE Money?

Was there any reason for this i.e. adverse credit history etc?

Now is exactly the right time to start looking, but it will depend on your answers to the above questions.

What are your incomes? And do you have any other commitments?