Mortgage advice needed

Makite

hi there

we are selling our house and buying another.

Current mortgage £50K
New mortgage £80K
Total new mortgage £130K

Current mortgage is a tracker currently at 3.19% (2.69% above base rate) tied in to March 2012 and 1% redemption fee (£500).

Would the best policy be put all new mortgage onto fixed rate at 3.28% tied until june 2013, put all onto existing tracker or spilt between the two?

Im being advised to put all onto existing mortgage.

Have i been given good advice?

Thanks

hcb42

you cant put it on to existing mortgage if you are moving, you take out a new mortgage.

You can port the deal though, and as the penalties are not horrendous then work out what makes most financial sense

Makite

would it be prudent to go for the fixed or stick with the tracker?

whats the feeling out there about interest rate rises?

m00m00

Interest rates will go up

the question no one knows the answer to, is when, and by how much