mortgage review - please help

xirokx

Hi,

My mortgage is being reviewed in Feb 08.

Currently I am on a fixed interest rate which was what I started on 3 yrs ago when I purchased my property.

I fear high monthly repayment charges due to the rise in the interest rate this year (on many occassions)...

What do I do?

I first got the mortgage through a broker when I bought the house 3 years ago and wandered if i had to go back to him, or whether i could find the best deal myself online?

Please help

Thanks

Dan_Collins_2

If you did not pay him a fee then go back to him. He will probably contact you!

herbiesjp

You can go back to him, do it yuorself, or find a new broker - the choice is yours.

I'd start looking at deals now though if I were you

Tishypoos

I have recently remortgaged and consulted a broker as well as using the internet. When I took out my mortgage 2 years ago the broker offered competitive rates. However when I consulted a broker this time he could not compete with deals on the internet. For example his fixed for Stroud and Swindon was coming up .5% higher than that quoted on the internet. He was quite honest about it which was good of him.
As the rates might drop next year, I went for a fee free tracker with Britannia. My old mortgage deal runs out on 1st Jan. Although you may pay a bit more on the tracker, hopefully you will (fingers crossed) be able to swap over to a more attractive fixed rate later in the year. I was quoted 6 - 8 weeks for a remortgage. I know things are a bit quiter at the moment though according to the surveyor.

xirokx

I dont mind using him or doing it myself, reason I posted was because I dont know where to start looking so was wondering if anyone could help?

suggest any advice, hints n tips etc etc

thanks in advance..