Hello. My mum has offered on a house and is going through hoops trying to get the mortgage sorted.
Apparently products are disappearing by the day etc. etc.

I was feeling quite smug that we got a really good fixed rate till late 2011, that's portable etc... before all the recent interest rate rises.
My mum however, with all her new property knowledge gleaned from one offer on a house in forty years , she reckons that my mortgage deal conditions etc. have all changed because of the credit crunch. She says it won't be portable now and my mortgage will be hit like the rest of them with all the credit hoo-haa going on.

Is she right? Can the recent state of things like Northern Rock, credit crunches etc. really affect my fixed rate deal?

Yes and no. (Don't you just love answers like that )

No - in thta if you have a fixed rate until 2011 that is exactly what you have.

Yes - in that if your lender goes bust there goes your fixed rate! Also when you come to get a new rate in 2011 you may find it difficult or more expensive if you only have a small amount of equity in your property. And that's all without taking into consideration what may happen between now and 2011.

If i was you i would try and sit back and relax, your fixed rate is as safe as anything can be until 2011 and who knows what your situation, or the economy, may be in 2011.