March 2011 re-mortgage

slinky6

Hi all, does anyone have any idea what the projected interest rate for mortgages is in March 2011?

My current deal runs out then, would my current lender set me up again now for another 2-3 years and

is it worth doing?

many thanks
:cool:

<sebb>

Anyone who answers this question would simply be giving an opinion that could be widely inaccurate. You'll have to make your financial decisions based on your own risk profile and current circumstances.

If you're still not sure, you should speak to a financial advisor, and not rely on the advice given to you on an open forum, based on the limited information you have posted.

GMS

Nobody knows what rates will be, and if they claim to know also get the lottery numbers for the following Saturday from them!

Speak to your current lender to see what is available. Make sure they do not quote you a redemption as of today as this may include Early Repayment Charges.

May be possible to book a rate to begin when the current deal ends.

Also speak to a 'Whole of Market' broker to see if there is a better option elsewhere.

slinky6

Thanks for that. I'm speaking to my lender tomorro!!

getmore4less

Whats the cuurent deal and followon rate, you don't have to change if this is good.

My guess is the base rate will not be lower than 0.5%:D ( but I have been wrong before)

mortgagemike

You could look at the rates today and see if you are happy with them. You should be able to hold onto a mortgage offer until your current rate expires and make use of the low rates on offer today. In 3 months rates could have risen.