Is there a better option???

red_machenka

Hi all, myself and my partner took out a mortgage (2yr fixed rate) 4 years ago with halifax for approx. £45,000 we then sold this house (2 yrs ago) for £150,000 we paid off the mortgage, paid a £30,000 deposit on new house (brought for £132,500) leaving us with a 100,000 mortgage (also fixed for 2 years) about a month ago we re-mortgaged (110,000 over 30yrs) with (abbey) again fixed for 2yrs.

Now my question is should we (when the fixed rate is finished) change to another type of mortgage eg, endowment etc

It just seems that over the last few years we have wasted money by moving before the end of the fixed rate (a paying a hefty fee for doing so), now we have borrowed extra on the mortage to pay off other debts (although i am glad we did so because we now have a few quid left at the end of each month)
And we would like to move again and preferably have a smaller mortage.