Originally Posted by Chris

We arranged the mortgage on our new house in January and reserved the rate so we were able to take it up almost 6 months later when we were ready to move. Now, there’s nothing anything like as good as what we managed to secure. I’m really glad our house builder was slightly pushy about passing our details on to their favourite mortgage broker because we might have left it another couple of months otherwise.

We went for a slightly higher rate, 5-year fix rather than the more competitive 2 and 3 year deals that were available. And boy am I glad we did (actually wondering whether it would have been even better to take the 10-year fix they were offering). Hopefully 5 years from now we will have ridden out the worst of the crisis, although I’m under no illusions about the chances of mortgage rates ever again being as low as they have been.