mortgages - expert advice needed!

[iamdingdong]

we need to remortgage in december, we are on a fixed rate with NRock and do not want to be paying their 7.49%svr! We bank with first direct and I am rather taken by their base rate tracker, given that most experts think rates will come down in the next year...but I am a mere languages teacher, I really know nothing about these things. Am I being naive to think rates will come down, esp given the latest developments?

anyone wiser than me out there?

well it's always a gamble, personally I like the certainty of fixed rates. You could do with an independent mortgage broker who will get you the best deal for your circumstances. What will Nationwide offer you, they are generally one of the best rates.

thanks cargirl, will check nationwide

mortgage broker i used was Arrange it Free. They are free and got us amazing deal. Haven't got number, but you can find it googling. In Suffolk, I think.

thank you iwantasecondone I've found their site, looks v useful

we need to remortgage in January, I'm not looking forward to it!

we used an IFA, got a fixed rate deal with abbey for 5/98 % with abbey

the deal I'm looking at with FD is life time tracker of base rate + 0.49% which makes it 5.49% at the moment, or their 2 yr fixed rate of 5.49%