Worried about getting a new mortgage deal when fixed tern ends..

sinky666

Hi,

I am currently in a fixed rate deal with my mortgage which ends in the summer, I have been beginning shopping around for deals and am finding alot of the main lenders less than enthusiastic about taking me on!!

I have an excellent credit rating and have never been in arrears but I will only need a mortgage deal for £30,000 over 5 - 10 years and it would seem that this just isn't profitable enough for them:o

My question is .... does anyone know of a reputable lender willing to still make deals on short and (relatively) low mortgage amounts???

beecher2

Staying with your present lender might be the best option for you.

getmore4less

A way round this is to look at bigger longer mortgages where you can overpay a lot.

Offsets are good for this, have a look at firstdirect they are usualy in the top 1-3 offset products.

Barclays aloow the offsetiing of ISAs so they are worth a look as well.

Whats the LTV and salary multiple?