Any thoughts ?

dekd

Hi All,

I would appreciate a little input with what seems a no brainer....
Historically I have used a decent IFA for most of my personal finances etc and my current mortgage deal is due end April. In trying to speak to my usual IFA, it turns out he has gone down the route of a PAYE job with a lender anjd does not work for himself any more. So I thought I'd have a nosey and try for myself this time around as I have been changing lenders for the last 10 or so years every 2/3 years dependant on the deal type. Current mortgage deal ends at the end of the month - 4.94% and then moves to long term deal of 1.6% ! !

So the obvious question is, should I sit where I am for the moment as the long term rate that I will be moving to will offer around £380 saving per month as things stands and so long as the BOE rates don't change to much.
(Can't see any real reason or deal to tempt me away at the mo) It does seem a no brainer for the moment at least and I know Ican jump ship relatively easy atany time, should things change.

I appreciate this may be a simple one for anyone with any thoughts, but as it was going to be my first attempt own my own, I wanted to just make sure.

Thanks in advance!

JA1000

Sit tight and keep payment as it was therefore overpaying whilst rates are low.

dekd

Now there's a good thought! Never even crossed my mind either Will try and go for that as we are managing fine with current payments. Cheers