Fixed Rate 8 months remaining

alinwales

8 months left (July-17) of a 5 year fix. By then I'm hoping, with a good revaluation of the property, that I'll just about sneak into the 60% ltv range (with some savings to throw in as a backup)

When can I go into a bank to try to get a deal? Are all banks different? I've read 3 months in places, or depends on current conditions.
My concern is talks of rates rising (I know it won't be that quick, but a lot could happen in the next 6 months). I'd prefer to get a deal on the table asap, but not prepared to ditch the current fix (2% on 110K!). Our current fix is 4%.

David_White

Have a chat with your lender as they all vary on this.

Some 3 months, some 6 months etc...

alinwales

Thank you David.

I suppose the other question is do I bother with a broker? I haven't used them in the past, though we have had meetings with them in the past (tied to estate agents). I have excellent credit score, am getting paid a lot more than when the original fix was taken out ~4.5 yrs ago (when I used my income only... but now the wife is back at work), plus there's no more childcare outgoings... can't I simply use best buy tables and approach the top deals directly?

d70cw6

yes you can.