Re-mortgage now?

[TartanPaint]

My fixed term is up in April 2018.

Does anyone know which lenders I could target for a re-mortgage "quote" now (6-7 months ahead of time) which would still be valid/honoured by April/May, or is it far too soon?

Is this good practice, assuming interest rates are only going to rise between now and April 2018?

Or, is it not a case of just getting quotes, but actually arranging now? What situations might arise where arranging a remortgage so far ahead of time might go wrong? I presume job loss or similar would invalidate the mortgage and I'd be back to square 1, minus any arrangement fees?

In terms of the details I need to start applications, I presume I can speak to the current lender to find out what the balance will be at the end of the fixed term, and what the exact date of that is?

Thanks in advance for any advice.

[TartanPaint]

Sarnie said:

Most remortgage offer only last 3 months........so if you want to avoid your ERC you need to wait till circa February.......

Thanks Sarnie. Not the answer I was hoping for, but definitely the one I expected.

Ta anyway.

[TartanPaint]

I don't think you can have 2 mortgages on the same property. Which bank gets the house if you stop paying both loans?

[TartanPaint]

I use this spreadsheet

http://locostfireblade.co.uk/spreadsheet/Index.htm...

for comparing two mortgage options.

It surprises me that sometimes adding fees to the mortgage is actually cheaper over the fixed term, so never assume anything!

From the website domain name I'd say the author is a petrolhead like us, so if he happens to read read this, thank you!