How far in advance can you secure a new mortgage

[soopermum1]

Hi All,

5 year fixed rate will expire on 1st April next year and there are much better fixed rates around that the one I'm on at the moment. I'm worried interest rates and fixed mortgage rates will increase so want to secure a new fixed rate as soon as possible (preferably 5 years.) Also, concerned house prices will go down, meaning my loan to value will go up.

Anyone got any idea how soon I can secure a new fixed rate to start 1st April next year.

Most often mortgage offers have a limit of a few months on them. Got one last year that was limited for 6 months.

Most mortgage offers will last six months but sometimes the mortgage rates themselves will have expiry dates on so you may have to choose a new rate.

the housing market is unlikely to go down any further and it's already showing signs of increasing nationally. plus mortgages have just started to go back up to the 85% loan to value range. (i'm a property developer!!). best to talk to someone in the know - my financial advisor is a really nice guy called clive harries. he knows about mortgages! actually he knows alot about genereal finance as well. he helped me invest my DD's trust fund. 01609781563 if you wanna call. initial call's free and then v.reasonable after that!

Are you kidding jbond?The market is teetering on teh edge of another huge fall!

Normally 6 months but the rate can be changed at any time.

Jbond - a property developer who thinks property is going up. No vested interest there then! The most recent RICs surveys have shown huge falls, the FSA is clamping down on IO and self-certifieds (liar loans) mortgages and a public sector review is about to slash public sector jobs/fuding ... which in many parts of the country is the economy. House prices unlikely to go down further ... hmm.