Coming out of fixed rate: My 3 year fixed rate of 3.39 int only mort with NIB?

D

dodo

Registered User
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1,368
In March 2008 My 3 year fixed rate of 3.39 with NIB on a interest only mortgage will be coming to an end,With the rise in rates in recent times is it worth me going elsewhere to try and get a new first year rate with another bank,or is NIB the lowest rate around.
 
Re: Coming out of fixed rate

Yes. Obviously it's worth shopping around for the best deal in such circumstances or generally.
 
Re: Coming out of fixed rate

Certainly worth shopping around, but keep in mind NIB don't use brokers.

Obviously you're not going to move til after March?
 
Re: Coming out of fixed rate

Absolutely! Shop around and look for free switchers
 
Re: Coming out of fixed rate

Who is the best broker around to do the running to see where the best deals are
 
Re: Coming out of fixed rate

Just look at the Best Buys thread on this site - if you owe less than 80% of the value of your house you will be better off staying with NIB anyway - on their tracker "LTV" mortgage. Don't bother looking till Jan/Feb - things may well have changed again by then.
 
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