I have had 5yr fixed mortgage and wish to change mortgage company

by , 10 months agoOpen Question

Additional Information

added 10 months ago...

I really need my monthly payments to be a lot less than i pay now.How do i find the right deal for me?

added 10 months ago...

I didnt know if some companies were better than others.I simply do not know who to contact.

Answers (4)

Assuming your fixed rate period has now ended it should be a simple question of choosing which company you would like your new mortgage with, checking you fit their criteria, and applying. What exactly is it you need to know?

by Jazzj, 10 months ago

You'll probably find rates are lower now than they were. I'd suggest a chat with an independent mortgage adviser who will be able to suggest a solution tailored to your needs after s/he has completed a full factfind of your situation

by Jazzj, 10 months ago

it can be bewildering to compare all the deals available, can't it?? You could look at the mortgages listed on this site, but I really would stand by my advice to see an independent adviser

by Jazzj, 10 months ago

An independent advisor can look at lots of different mortgage providers to find you the best deal available at the moment - but make sure you are outside your fixed rate period as if you are still in it you could pay a penalty to move. Have you asked your current mortgage company what they an offer you as sometimes you can switch to another product at reduced or even free rates.

by Laura13, 10 months ago

Posts within the money.co.uk community represent the views, experiences and opinions of members and experts only. They should not be taken as financial advice and should not be followed without further research.

Get our free money saving newsletter
Join over 480,000 other subscribers who grab our expert money tips, unmissable money guides & hottest bargains each week in our special email...

More Questions on Mortgages

Join Our Community

Get fast answers to your money questions, Expert insight, top tips & much more...