Any quick advice would be welcomed

Cutfinger

My 2 year fixed is up this week. To be honest i'm not too great about these things and i've only just started looking at other offers now. I know i'm a mug i should of been looking before christmas.

My current mortgage is with Nationwide who have got a 5 year fixed at 5.63% no fees offer on but i don't want to get tied down that long really. There 2 year fixed wasn't that attractive.

I've got a meeting with them tomorrow and really not sure what to do. Should i just stay on their BMR for a month or two and see what happens and what other offers come up ?

I've looked at other offers such as First Direct but don't want to start banking with them which is necessary for the 5.25% 2 year fixed offer.

I'm not stretched finanicially, i've got a bit of breathing space but just not sure what to do.

Any help greatly appreciated.

chuckles1066

Cutfinger wrote: »

My 2 year fixed is up this week. To be honest i'm not too great about these things and i've only just started looking at other offers now. I know i'm a mug i should of been looking before christmas.

My current mortgage is with Nationwide who have got a 5 year fixed at 5.63% no fees offer on but i don't want to get tied down that long really. There 2 year fixed wasn't that attractive.

I've got a meeting with them tomorrow and really not sure what to do. Should i just stay on their BMR for a month or two and see what happens and what other offers come up ?

I've looked at other offers such as First Direct but don't want to start banking with them which is necessary for the 5.25% 2 year fixed offer.

I'm not stretched finanicially, i've got a bit of breathing space but just not sure what to do.

Any help greatly appreciated.

The 5 year 5.63% deal sounds good?

Interest rates are only going to rise in the next few years, take it!

Cutfinger

Five years seems such a long time though. Is the general consensus interest rates are going to rise ? They're are supposed to be cut next week aren't they ?

I'll be honest with no i'm no expert in these matters. Should of got myself a mortgage broker really but i've let things slide and now i'm rushing around.

NeilQuinn

If you're after a two year deal that's lower than that, Abbey have one at 5.54%.....it's only available through brokers who are members of a certain Mortgage Club though. You can't get it in the Abbey branches.

mortgagemark_2

Hi,

NeilQuinn is write with the Abbey deal - did one today - good deal at the moment for 2 years. Has a product fee added of £949 though so depends on the size of your mortgage as to whether this is good value.

The 5 year deals from Nationwide and Abbey are both popular also so think you will be one of many that take these rates.

Good luck with Nationwide tomorrow.

Cutfinger

Thanks for the advice. Decided to go with the Nationwide 5 year fix. I was just tentative really as i've only done 2 years previously.