Deep joy :|

sisfis

weve come to the end of our base rate tracker with the nationwide and its served us well for the 2 years its been running, however with the interest rates set to more than likely rise a bit more than fall in the next couple of years were looking to move our mortgage, also we want to avoid slipping into their base rate. id guess were looking to move to a fixed rate this time around.

valued at 150000 against a mortgage where we owe approx 98500 and a remaining period of 23 years

i was wondering if anyone had any bright ideas as to where to look, these comparison sites are alright but once youve added in the differing fees sometimes its difficult to make a proper comparison.

anyways im just looking for suggestions if anyone has any.

thanks.

martinhp

1st thing to do is ask Nationwide what rates they will offer you. Then speak to an independent broker to see if they can beat it

Woby_Tide

I thought the general consensus was that rates may rise a bit short term i.e 5.5% max/5% min but then start to come back down again as time carries on. A tracker could possibly be a potential choice again if you caculate you can afford the potential for it to rise. then if the rate does start coming down you can still benefit. Horses for courses though

sisfis

yeah weve spoken to the nationwide and their mortgages really arent much different to anyone elses its just i resent the fact they expect me to pay £349 to retain my business. thats what really gets up my nose, if it wasnt for that id sign up with them tomorrow.

Woby_Tide

we've got to wait 12 months to enjoy going through this with nationwide ourselves. One other point(though not sure if relevant) is that by taking out the 'new' mortgage you get the 12 months free mortgage payment protection insurance. Personally that equates to way over £349 on ours currently so we are by rights no worse off or marginally better off. Well thats the only spin I can put on it