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

by , 20 Jun 2012Open Question

Additional Information

added 20 Jun 2012...

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 20 Jun 2012...

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

Answers

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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, 20 Jun 2012

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, 20 Jun 2012

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, 20 Jun 2012

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, 20 Jun 2012

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