Please help me with mortgages!!

[acer]

Our fixed rate mortgage is up this month, anyone know who is the lowest at the mo, want a fixed rate again, the c&g are offering us fixed for two yrs at 5.74%.

All help very gratefully recieved.

Speak to an 'Independent Mortgage Advisor' they will check out the daily offers, as they change constantly, before you make any decisions .....

No help Acer apart from second what Mothernature says!

We are with C&G and our 2 year fixed ends in November which means we go onto a variable but we cannot change this as we are in the process of moving - hope it doesnt go up too much!!!

Good Luck - IMA are a godsend!

check charcolonline and moneyextra.com .. just go through their questionnaires and they will give you the choices

coventry ours is a flexx capped at 5.99% for 5 years so if interest rates rise above then we only pay 5.99% if they drop then we drop accordingly.

Independent Mortgage Advisors are salespeople BTW

IMA are sales people, but they offer a free service - it costs you nothing -

we are fixed with leeds and holbeck at 4.5%

but it is important to remember that they make their money by commission on what they sell .. hence they may not (not saying will not) necessarily work in your best interest .. after all if one mortgage package gives you £50 but by selling another you earn £2K which would you promote more heavily???

we were with c&g before and we moved house and nearly doubled our mortgage and were paying the same amount because we switched mortgages, crazy but c&g are expensive imo

moneyextra remortgage questionnaire

charcol's is here

HTH

'All' IMA 'should' be working for the client - they do get commision from lenders - but, this 'should not' make them bais [sp]? their job is to find the best product for the clients individual needs, all IMA have recently gone through rigorous exams over the past couple of weeks due to new legislation - they should all be upto date now, check their qualifications if in any doubt

Give London and Country a ring, or look them up on their website, they are based in Bath and they are a "no fee" broker. We arranged our new mortgage through them and they were fantastic - it was all sorted out over the 'phone without any hassle at all. We had an "independent" financial advisor's advice beforehand and they wanted to charge us £1,000 for a similar deal that the London and Country did for nothing. I wouldn't go down that route if I were you.

Isn't there a difference between Independent Mortgage Advisor and a Financial Advisor?

if you don't pay them a fee and they aren't working for a particular company then they make their money by selling product .. all mortgage products have different commission rates .. hence my problem

sorry MN it's a bug-bear of mine

Twiglett - its alright I'm not taking it personally - as you know I work for an Estate Agent - they work alongside IMA - and would suggest to anyone who is going through a purchase or re - mortgage to check with them aswell as their own banks, there could be the perfect deal out there to suit...

Thanks everyone, I will look into all suggestions and report back

Not sure if they're effective yet but the 'polarisation' rules will (or already may have) change the way that Independent Financial Advisors work. And if I get this wrong I'm sure there are some finance people out there who will correct me. The groups will effectively be split - so you you will have 'tied agents' that can and will only sell one or a selection of 'branded' products and their income will come from commission. You will then have truly idependent financial advisors who will not legally be able to take commission commission but to whom you will have to pay a fee for their advice.

So - just make sure you check the status of the person you're receiving the advice from and ensure that you are happy with that status before proceeding. A couple of other people have already mentioned the on-line search sites for mortgages - if you've got the time, this is definitely worth a look!