Mortgage advice/opinion relevant to the UK?
April 23, 2004 6:17 AM Subscribe
Mortgage advice/opinion relevant to the UK? (More inside)
posted by squealy to work & money (1 answer total)
I'm in the UK and the fixed rate period of my mortgage is due to run out in June. Now, I know little of economics and even less of financial planning, but it's fairly clear even from my limited knowledge that the 5.99% variable rate I'm due to move on to is not the best deal available. The mortgage is only for £40,000 and the house is now worth about £70,000, so there's no problem with equity. I don't intend to move house within the next five years. Anyone have any knowledge/opinions on what's the "best" type of mortgage or even a specific policy? I've seen a couple of financial advisers but they both had wildly differing advice. I'd be interested in a MeFi take on the issue as I'm a bit of a numpty when it comes to financial matters.