2 Year Mortgage Term Coming to an End (First Time Buyer)

JimmyTheWig

Adamc said:

We are thinking of selling up and moving within the next 3 years to upgrade to something more family orientated. 

My gut feeling is to go for a 2 year deal (or 3 year deal if you're confident you won't have moved by then) which has a low follow-on rate. Because it sounds like in this instance you're going to be on that follow-on rate for a while when the move is in progress. No point shaving 0.02% off the fixed rate to then be paying 1% higher for the time when you're not in a deal.
I'm not saying don't go with a broker, but (honest question) would a run-of-the-mill broker be able to handle a question like that? My experience of (naff) brokers is they just run the figures through the software and give you an answer.

csgohan4

Unicorn_cottage said:

Surely nothing wrong with that though if that is their business model? They are the Primark of mortgage brokering. I am a straight forward case so I don't want to pay for brokers fees. My remortgage cost me less that £100 I am over the moon. Never had any problems with L&C.

Everything is wrong with that business model if your not a straight forward case generally. The service can be lacking. We also do not the OPs credit history either, so just giving a balanced view for viewers in future to make an informed decision

Just one thread out of many I have found, where even simple cases they fudge up:
https://forums.moneysavingexpert.com/discussion/comment/76827027#Comment_76827027