Hello people. I am looking at changing our mortgage. I am thinking about changing it from virgin one to Alliance & Leicester. That way I would go from 5.6 to 4.4. However, I do not know what mortgage rates have been like. Is 4.4 good and are mortgages rates going up or down? Thanks in advance.
I also have a mortgage with them. A month or so 4.29 fixed rates were available. The best rate I could do two weeks ago was a 4.39 fix. Therefore, your 4.4 is pretty good. Anyway, there is no need to rush in to things or feel under pressure. The lowest rates quoted by many last for two years maximum. Then those rates become garbage. These rates would then prompt you to begin the remortgage cycle again. You should wait a good deal. Take a time to study the terms and conditions. Then make sure the numbers make sense. However, I think your numbers are OK.
