Now what? - 2 year fixed rate ending on H2B mortage

zacwroberts

Hi,

Advice appreciated please !!

It's nearly 2 years since getting my first mortgage with the Help to Buy scheme.

I am on a 2 year fixed rate mortgage with Nationwide which is soon coming to an end, so now what?

House value 220k, borrowed 44k with h2b on a 40 year mortgage! - only 38 more years to go!!!

I obviously want to find a better rate mortgage before the rate shoots up to something ridiculous, but where do I start looking to find the best deal?

Thanks!

kingstreet

Nationwide customer retention products would be a good start. Normally titled "Existing Customers Not Moving Home" or somesuch.

You can look at remortgage options. That's a new mortgage with a new lender to repay the old one. If repaying the equity loan, you'll have more options than if you intend to leave it in situ.

A broker can advise you on both and compare options with you.