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Interest Rate Rises?

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Comments

  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Under 6% is a good deal and this gives you time to build up the equity in your home and clear a big chunk off your mortgage.
    £999 fee is £200 a year £4 a week !
    Dont forget you will hopefully have had 5 payrises in that time and if you can overpay a little each month a much smaller debt.
    Good Luck
  • teedy23
    teedy23 Posts: 2,090 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Thanks dimbo61. Just needed someone to say it,s ok I think. I have plenty of equity right now and they offered me extra borrowing to clear a loan I have at the moment, but I resisted. Didnt see much to gain by doing that.
    :T:jDabbler in all things moneysaving.Master of none:o

    Well except mastered my mortgage 5 yrs early :T:j
    Street finds for 2018 £26:49.
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Dont forget ERC if you sell up within 5 years
    I am in middle of 5 year fix and very happy with my decision !
    Also overpay as much as I can each month( offset mortgage V-good )
  • hethmar
    hethmar Posts: 10,678 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Car Insurance Carver!
    Sounds a good rate to me.
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