Fixed Rate Mortgage Rate Ends In A Few Months, Any Ideas What I Should Do In The Uk Climate To Prepare?

{ Posted on Jun 06 2009 by admin }
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Categories : Mortgage Rate

I know that anything could happpen in the next few months, no one would have forcast how bad things would get a couple of years ago. However I have to consider my fixed rate which I would like to continue with as I like to know my exact payments. My mortgage is very low and I have about 10 years left to run on it. Even in todays climate it is worth double what I paid for it.
Any ideas?

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This entry was posted on Saturday, June 6th, 2009 at 9:03 am and is filed under Mortgage Rate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


2 Responses to “Fixed Rate Mortgage Rate Ends In A Few Months, Any Ideas What I Should Do In The Uk Climate To Prepare?”

  1. By Chas on Jun 6, 2009 | Reply

    Reasonable fixed rate mortgages are very rare and will be so full of conditions.
    In any case you may have to stay at variable rate for a time, as this may have been one of the conditions of your fixed mortgage rate.
    I would try to go to a tracker mortgage.
    Interest rates are low right now and will stay for a little while yet, They will rise again, but fixed rate mortgages are so expensive right now, they are not the bet value and will have so many restrictions and additional conditions they are not worth it.

  2. By richard7 on Jun 6, 2009 | Reply

    your repayments should go down, but if you feel happier the way it is ask your mortgage provider what they can do.

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