We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Mortgage deal running out, advice please...

Options
My mortgage with C&G runs out in about 6 months, and I am due to go onto their 'Homeowner rate' of 3.99%, above my current fixed rate of 3.39%.

I am looking to move house in about 18 months so was looking for advice as to what to do in the 12 month interim, with a view to getting on the lowest rate possible. Any tips greatly appreciated.

Comments

  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    So you are looking to remortgage for no more than a year ideally. In this case you can retain,y look around, but any sort of fees are likely to be more than savings on interest, would be useful stating the size of your mortgage and ltv as thiese may well have an impact on the best course of action.
  • kingstreet
    kingstreet Posts: 39,256 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The best option is likely to be a fee-free product, so it costs you nothing to transfer. A lifetime tracker product would also have no early repayment penalties, giving you maximum flexibility to look for something new when you want to move.

    C&G charges you no discharge fee if you paid the £99 entrance fee instead.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • Thanks both for the replies, this evenings research has led me to an HSBC lifetime tracker - 2.19% above base rate with no fees, so that could be the option if its still around in a few months when I'm looking to change.

    Thanks again for your responses.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.