Fixed rate mortgage ending soon… what to do next?
It depends on what your mortgage rate will move to at the end of the fix. It will be the standard variable rate of your bank and you will need to contact them to find out. However it is likely that if you took it out 3 years ago it will be lower than 6.75% due to bank of England changes in interest rates. If this is the case your payments will come down. As for remortgaging only you can make that choice – how much equity you have, what your credit history is and what you think interest rates will do and when should all be deciding factors.
