We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Interest Rate Rises?
Options
Comments
-
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 Luck0 -
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 £26:49.0 -
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 )0 -
Sounds a good rate to me.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards