Mortgage deal running out, advice please...

messery

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.

bigadaj

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

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.

messery

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.