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I need to renew my mortgage and don't know whether to go fixed or variable, what is the best thing to do?
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| Posted: 22 Feb 2011 22:38 Back to top |
Kate Faulkner
Posts:70
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Hi, thanks for your question! Knowing whether a fixed or variable mortgage is right for you is very much down to your personal financial circumstances, as well as what is likely to happen to interest rates in the future and the impact this has on the mortgage rate your lender charges.
Lots of people will tell you it's better to do fixed and others variable. However, it is important to know the difference between whether fixed or variable mortgage is right for you can ONLY be assessed by a qualified mortgage advisor, and it's a good idea to make sure all your finances are reviewed at the same time too, so an independent financial advisor can be extremely helpful too.
To find a mortgage advisor or broker to talk to, visit our how to find a mortgage information:- http://www.designsonproperty.co.uk/categories/How-to-Find-a-Mortgage
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| Posted: 23 Feb 2011 08:03 Back to top |