Best type of mortgage

Sheffieldstag

Dear all

As a first time buyer, on a single income, I am extremely nervous about interest rates and repayments.

In March this year I agreed a 2 year fixed mortgage with the Halifax at 4.89%. Unfortunately, the purchase of the house fell through 3 days before completion.

I have just started looking properly again and have noticed that interest rates on the fixed rates seem to have increased.

Does anybody have any suggestions as to a competitive fixed rate mortgage with the option to make overpayments after a few years?

Thanks

MortgageMamma

Hi Sheffield,

I would recommend you speak to a whole of market broker (a broker who has access to all the mortgage products on the UK market) who will ask you questions and assess your options and then present you with the most appropriate and cost effective mortgage for your circumstances. It's an easy process and takes the strain from you, and some brokers will act for you on a no fee basis. The broker will also advise you on other insurance policies you may need.

MM