Fixed for 2 or 5 years

uncertain_2

easyfinance wrote: »

I will go for 3 years ))
I will take First Direct at 5.98% fix for 3 years, it comes with free valuation and legals, and it has offset facility .... so could save money alongside your mortgage ...
Doing this you will shorten your term by several years and saving you lots of money in interest.
Eugene

This is my first post!

I am currently trying to remortgage for the first time from Abbey to FD deal is 5.95% fixed for 3 years with offset facility. However, FD have not offered me free valuation or legals and I only spoke to them yesterday.

lisyloo

My remortgage is in process with FD.

The valuation is normally £99 and there are no legal fees.
Unless of course they have changed it very refecently.

uzubairu

MABLE wrote: »

With us we went for the fixed 10 year deal at 4.89% with NW. We may gain or lose over this time but one thing we needed was stability.

This rate was taken out about 3 years ago and in our case has proved the correct decision.

Also there is talk of the bank rate going down later or early next year but the problem is there is no guarantee mortgage rates will follow.

We went for the 10 year fixed at 4.79 % with Nationwide in June 2006 when we moved house.

Since our mortgage payments were going to be double our previous payments, we needed stability too.
A few of our friends who got better rates on 2 year deals at the same time are now having to re-mortgage at a higher rate and possibly pay fees too.

Best decision we made. We also overpay £450 per month penalty free.