I am asking this question way earlier than I need to but the rapid rise in UK interest rates is a bit worrying! I took out a fixed-rate (4.79%) interest rate this time last year when I was a first time buyer. It is fixed for 2 years meaning that I will need to renew by April 2008. Can anyone please advise on how to go about remortgaging, how much time it takes, any extra costs that need to be considered etc. My dream is to switch to a repayment deal but, with interest rates rising in the UK, Im not sure if I will be able to afford it. I'd be very grateful for any mortgage renewal 'do's' and 'dont's'. Thanks.
2007-04-30
01:38:43
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2 answers
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asked by
pt101
1
in
Renting & Real Estate