time to update my mortgage terms

spaceboy

My 2 year fixed rate ends on 15th December with Natwest. How do I check if I'm best to stay with them or change to a different provider? Also is it worth going for a 6 year fixed rate or should I stick with 2?

xyz123

spaceboy wrote: »

My 2 year fixed rate ends on 15th December with Natwest. How do I check if I'm best to stay with them or change to a different provider? Also is it worth going for a 6 year fixed rate or should I stick with 2?

First question is easy. Just compare their rates and other competitors rates in market. Their are advantages of staying with provider in that normally fees are less and u don't have to go through full remortgage application. But only u can decide if it's worth the difference compared to potentially better deal u may get elsewhere.
For the second one, no one knows what interest rates may do so each to their own. However do consider any possible lifestyle changes when making a decision. E. G. Any chance you may want to move in next few years?

Hth

spaceboy

Thanks, I guess there is a chance I may move so I will opt for the cheaper shorter fixed rate.

Thrugelmir

15th December is an odd date. Normally the end of a calendar month.

spaceboy

Hmm it might have been 1st December I need to check...