Mortgage Help Please

awesome2_2

Hi

I am comoing to the end of my fixed rate morgage and have called the current martgage company for some figure on a new deal. I ma now completly confused after they have thrown all sort of figures at me :eek: Dont kniw whether to go for a fixed rate, two, three or lifetime tracker and waht is a flexi tracker Help!!! so confused

HappyMJ

What is the standard variable rate that you will be going onto?

Is your credit rating still the same as the day you got the original mortgage? Has it got better or worse?

I personally don't like regularly remortgaging. I'd rather settle on a nice long low fixed rate such as 5 years for some payment certainty with a low standard variable rate after that and then stay on that rate forever. After 5 years your wages should have changed hopefully upwards so should be able to take a small increase in payments without too much difficulty.

dimbo61

So you need to look at your mortgage papeerwork or ring the mortgage centre and ask what rate do I go ono at the end of my current fix.
It maybe the SVR or some kind of tracker deal
You then need to look at your long term plans ( no point in taking a 5 year fix if you plan on selling next year!!)