Fixed term coming to an end..... what next

alex0606

Hi everyone,

I am looking for some advice regarding my next step in the world of Mortgages.

I purchased my first house in Dec 2013 £192000 Value but I put down a 15% deposit.

3.25% mortgage rate fixed for 2 years so it ends Dec 2015. The rate then goes up to 4.24%.
It's a 25 year mortgage.

What I intend to do is arrange an appointment with a mortgage advisor but would really like to have some ideas as to what to do from you guys and your experience. Obviously I want to keep the rate as low as possible.

Regards

Alex

kingstreet

Sorry, but my quotient of "advice" and "advise" errors is full for the day. I advise. You would like advice.

Hard s, or z sound in advise, soft s or c sound in advice.

Now, pedant mode is off.

Ask your current lender what customer retention products you have to consider.

Talk to an independent broker about remortgage options.

Finally, look at direct only deals from the likes of HSBC and Yorkshire Building Society Group to complete the picture of your options.