DaisyD wrote:They almost all get paid by commission, even the ones called Independent Financial Advisers. Not necessarily a bad thing.CrispyXUK wrote:Is he independent? If not, don't listen to him as he's after the commission.
Thats what I thought, the missus got a mortgage advisor round the other night and he recommended this, but personally I don't trust salesman, and we still have 18 months left on our current variable mortgage.
To everyone saying wait for rates to come down before fixing, I'd agree that base rates are almost certainly coming down, but most mortgages effectively track some form of LIBOR and that isn't going anywhere but up.
Personally though, in the original poster's position I'd go for a variable rate and gamble that even LIBOR will have relaxed before I lose my job and can't pay the mortgage.