Quick Mortgage Question...

[SteveScooby]

Our mortgage will be up for renewal in May/June next year, currently with First Direct on a 2 year deal. How soon before the end of my current deal should I sort out a new one.

When it's due we'll owe roughly 75k against a property valued at 100k-110k.

Thanks!

[dalenorth]

I would say about Feb/March time.

[Sarnie]

SteveScooby said:

Our mortgage will be up for renewal in May/June next year, currently with First Direct on a 2 year deal. How soon before the end of my current deal should I sort out a new one.

When it's due we'll owe roughly 75k against a property valued at 100k-110k.

Thanks!

Depending on when your rate was due to expire you could secure a product now if something caught your eye, as long as the offer will remain valid, which most do for six months.

[SteveScooby]

Thanks!

[Lanceb]

Most offers are valid 3 to 6 months so I would normally start looking for my clients 3 months before the expiry of the rate