Mortgage Advice

gottohaveit · 3 April 2008 at 9:19PM

Hi, my mortgage is up for renewal at the end of June, could somebody give me some advice as to how the market is likely to run, should I hang on as long as possible and wait for a better deal (if they will get better that is) or should I be looking to change straightaway. I hear so much in the news, its getting all too confusing.

I usually have a 2 year fixed get out with no penalty mortgage and no upfront costs, which seem to have all gone these days.

Unfortunately, not being a chancer, I like to know what my payments will be, so I'm looking for a fixed mortgage. Am I too cautious? should I be looking for another type of deal.

Any help would be appreciated.

thanks in advance

homer_j_3 · 3 April 2008 at 9:22PM

What product is right for you is specific to you. You will get people saying do this or do that but until they get a proper feel for your full circumstances, you cannot be advised which way is best.

You should be looking for deals now as it takes 4-6 weeks normally to process the remortgage but its good to build a bit of time incase there are any unforseen delays.