Fixed term ending

markharriers

Good afternoon i was after some advice please. My fixed term mortgage is ending in 6 months and I think now is the time to look for a new deal. Where do people find the best place to compare Mortgages? I was also reading that if you find a good deal you can apply but leave if a better deal comes available is there much to this process? I would like to do it myself to save the cost of a mortgage broker if possible. Any advice greatly received.

fuzzything

Did you try the mse one: https://www.moneysavingexpert.com/mortgages/best-buys/

Hoenir

Always start with your existing lender. Log on to your online account and ascertain what they'll offer you. You've then something to benchmark against. Though there may well be mortgage redemption fees, legal fees and valuation fees to pay in moving to a new lender. Which need to be factored in. 

DullGreyGuy

markharriers said:

Good afternoon i was after some advice please. My fixed term mortgage is ending in 6 months and I think now is the time to look for a new deal. Where do people find the best place to compare Mortgages? I was also reading that if you find a good deal you can apply but leave if a better deal comes available is there much to this process? I would like to do it myself to save the cost of a mortgage broker if possible. Any advice greatly received.

Broker

Assuming you arent a sub-prime customer there is no direct charge for a broker and lenders dont typically offer lower rates direct -v- brokers because they have to cover all the cost of sale in direct cases and they dont want to lose brokers who supply most of their customers by undercutting them. 

At both our renewals we've ultimately gone with our existing lender but the 1) the broker was 1-2 bps below what the bank was offering me directly and 2) both times the broker warned me that the bank had sent a notice that rates were increasing the next day (thought they were lying but absolutely next day the rates were higher)