We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Re-mortgage - what to do?!!! Advice please?
lauradee1984
Posts: 14 Forumite
Hi there, just coming up to the end of a 2 year fixed rate with Nationwide. We are due for renewal at end of June, we are unsure what to do at the moment, went to an independent advisor at Your Move who brought up allsorts but we're looking at £140 a month increase (our mortgage is currently £522 a month on £108,000 borrowed - house is worth £125,000)
I think this is pretty steep but thats the only one with no fees and would be 5 year fixed. Im nervous about 5 year fixed as I feel in 2 years things may have swung back the other way and be cheaper?!
Just don't know whether to perhaps wait until end of June or secure something now, or go on to the variable rate Nationwide have offered us for a bit and see how things pan out (i dont think we would be tied into that?)
Any advice would be much appreciated, just glad we've started looking in to early!!
I think this is pretty steep but thats the only one with no fees and would be 5 year fixed. Im nervous about 5 year fixed as I feel in 2 years things may have swung back the other way and be cheaper?!
Just don't know whether to perhaps wait until end of June or secure something now, or go on to the variable rate Nationwide have offered us for a bit and see how things pan out (i dont think we would be tied into that?)
Any advice would be much appreciated, just glad we've started looking in to early!!
0
Comments
-
Have a look at the FSA Tables, some mortgages are not available through advisors.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards