fixed rate comming to an end- any advice?

doolally_2

My 2 year fixed rate is nearly up, so obviously my partner and I are concerned, interest rates have gone up so it is certain my payments will too.Has any of you mse's got any sound advice for me? My partner mentioned the other day about seeing a mortgage adviser so i guess thats what we'll do but any info or advice would be greatly appricated.

Gorgeous_George

My advice is:

1. Look at all the deals available yourself.

2. Work out how much each mortgage will cost over the term that you intend to stick with it*.

3. Sort the results in ascending order and take the one at the top.

4. Find an all-of-market-(I-need-to-make-a-living-too)-mortgage-broker.

5. Ask what they can do for you.

6. If they can beat the deal at 3. take it. If not take 3.

* This is IMPORTANT. There is no point looking at the costs over 10 years if you are going to switch after three. Equally, there is no point taking a cheap deal for 3 years if you want to avoid the hassle of switching.



GG