I'm in the process of applying for a mortgage for purchasing a new house. My FA reckons 5 year fixed are good value at the moment when you consider a) they're only .5% above the Trackers and b) if you look at the long term cost of lending.
We are also in the position where we want to know where we are at as my other half will be stopping working next yr for a few years.
Likely we'll apply for a Woolwich mortgage. Also in the interesting position whereby we're buying a house that needs major work (seemed to make sense, what with our second child due in January
) so expect to run into difficulties with lender valuations/whether they'll even lend at all... as the roof is f*ct etc etc