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Which fixed mortgage company...... ?

Miss_Wetwipe
Miss_Wetwipe Posts: 94 Forumite
in Mortgages & endowments
I owe about £28,000 on a house that is worth around £110,000 and I finished my fixed term on my mortgage last month. I'm looking at getting a mortgage for a term of 10/11 years.

I don't really want to pay a fee for the mortgage as it is so small. Can anyone advise the best rates around for a fixed mortgage between 2 and 5 years ?

Many thanks

Comments

  • beecher2
    beecher2 Posts: 3,677 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    What's your present lender offering? Also what's the follow on rate - you might be as well staying on that.
  • jesmin45
    jesmin45 Posts: 172 Forumite
    can i ask what a follow on rate is please,
  • beecher2
    beecher2 Posts: 3,677 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    jesmin45 wrote: »
    can i ask what a follow on rate is please,

    What you automatically go onto once your deal ends - usually the standard variable rate, sometimes a tracker.
  • Burridge60
    Burridge60 Posts: 496 Forumite
    This mortgage and term on an assumed rate of 7.00% would cost you £311 a month taken from an on line mortgage cost calculator. Repayment Basis.

    Can you afford to pay that each month? How high do you think rates will go?

    Check out your revert to, follow on or variable rate. Some people have had a very pleasant surprise of late!
    I am a Mortgage Advisor
    You should note that this site doesn't check my status as a Mortgage Advisor, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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