Should I wait till my fixed 3 year mortgage ends

dresta200

I am coming to the end of my 3 year fixed rate mortgage. Should i go to my bank now and try and get a better deal or should i wait till the 3 year deal has completely ended. It finishes in november 1st 2012. Would waiting till it finishes give me better bargaining with the bank at getting a better rate or does it make no difference. I have £60000 left on my mortgage. Flat £200000 My current rate is 4.79

somethingcorporate

It's a bit early but some AIPs last 6 months so if there is a rate you want to bag you may be able to do it already.

You've got great LTV, you should go and see a broker to get the best deal possible. If you want to fix there are some 2.99% deals out there.

dresta200

Thanks I think i will wait. My feeling is that there should still be good deals around for some time.

somethingcorporate

Yep, make sure you go further than your bank. They certainly won't be loyal to you!

getmore4less

start a bit of research now so you have an idea of what's around and an idea what you want.

Start with the followon rate on the current deal.

dresta200

getmore4less wrote: »

start a bit of research now so you have an idea of what's around and an idea what you want.

Start with the follow on rate on the current deal.

I accepted a deal from Nationwide 3.29 4 year fix 315 a month, do you think this is a decent offer. I was currently on 4.79

dresta200

I accepted a deal from Nationwide 3.29 4 year fix no fees 315 a month, do you think this is a decent offer. I was currently on 4.79 or do you think rates will go lower

fiesta04

dresta200 wrote: »

I accepted a deal from Nationwide 3.29 4 year fix no fees 315 a month, do you think this is a decent offer. I was currently on 4.79 or do you think rates will go lower

Looks a good deal to me.

But what do think? I do not beleive they will offer lower rates.

Whatever you decide it is the correct decision at the time!!!

Hindsight does not come into it:rotfl::rotfl::rotfl:

F4

getmore4less

what was the followon rate on the cuurent deal?

dresta200

follow on rate is 3.99 why do you thiunk rates wont go lower