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Fix mortgage or not

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Icon Mini Profile suehodge





Joined: 18 Feb 2011

Posts: 1

1.35 Dollars($)
Post Posted: Fri Feb 18, 2011 5:41 pm    Post subject: Fix mortgage or not
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I am coming to the end of a miserable 3 year fixed rate with Cheltenham & Gloucester. I have been paying 5.69% on a repayment mortgage. On investigating my options as my mortgage was taken out before 1/6/2010 I will go onto their SVMR which is fixed as being 2% above base rate . As this is only 2.5% as we currently stand should I go with this or fix again. I was so gutted last time when I fixed it has sort of put me off and this seems a good option obviously interest rates will rise but by the time you look at product fees etc I am not sure if it is worth it. I only have a £70,000 mortgage. Any advice much appreciated
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Mon Feb 21, 2011 1:00 am    Post subject:
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Hi suehodge,

You can refinance your mortgage for suitable rates and terms. This might help you in solving your issues.

Thanks
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