In terms of your family budget, your mortgage is probably the area in which you could find the greatest savings.

If you haven’t re-mortgaged for some time and you’re paying your lenders standard variable rate, then you’re almost certainly paying over the odds. Of course you’ll need to weigh up the costs involved such the administration charge, legal fees and survey fees but a good mortgage broker may well find you a deal where most of those are included in the package or at a special offer rate.

Re-mortgaging could also help elsewhere. It may also be worth looking at any other outstanding debts you have – for example, your credit cards and any other secured or unsecured loans. These could probably be added to your mortgage and make your monthly outgoings more manageable. But if you do this, it would be prudent to overpay your mortgage as soon as possible to pay off the extra debt you added to your mortgage facility.

Some good mortgage deals to wet your appetite are:

Fixed Mortgage - Alliance & Leicester 4.49% fixed till March 2008

Discounted Mortgage – Dunfermline Building Society 4.2% for 2 years (No tie in conditions.)

Discounted Mortgage – West Bromwich Building Society 1.79% till March 2008. Tie in conditions apply.

Offset Mortgage – Hinckley & Rugby Building Society 4.85%

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