5 yr fixed rate, repayment expires Nov 2013 - when should I start to look for new fix

getmore4less

^^^^^
2.5% long term tracker will be hard to better.

OK you want certainty but unles you fix for the full tem you will only be doing it for a temporary period and then have to use the next cuurent deals or the new followon rate niether of which are likely to be as good as the base+2% tracker.

getmore4less

best to just report rather than quote and clutter the thread,

will delete this once the span has gone

kingstreet

True.

I did report it, but it peed me off sufficiently I wanted a rant...

stedwell

I am just about to remortgage with nationwide after a 3 year fix. Their rates are very good at the moment. I will be getting 2.79 for another 3 years. They allow you to reserve 3 months before your end date.

MollyJoe

kingstreet wrote: »

Your mortgage will revert to Nationwide's BMR of 2.5%. This is because your mortgage started before 30 April 2009.

A few months before your fix is due to end, have a look at customer retention products offered by your current lender and remortgage products offered by new lenders.

Take into account any fees payable to lenders and advisers, so you make a fair comparison. At such a low mortgage amount, it's likely the fees payable will outweigh the savings of a very low rate/high fee product.

I would think very carefully about leaving Nationwide's 2.5% BMR. Once you do, there's no way back.

Could you please tell me (I am sure it isn't as simple) a rough idea of what my payments would be on the 2.5% BMR. .

Am I right in thinking they don't just half.... 4.70 to 2.5 .

Kind regards,

kingstreet

Remaining term?

MollyJoe

kingstreet wrote: »

Remaining term?

14 yrs, 11 months. today.

thank you

kingstreet

£68,149
15 years
2.5%

£454.41