We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
10 year fix or not to fix
tpfpi
Posts: 4 Newbie
should i fix for ten years or not. Im of the opinion that rates will increase in 2010 to maybe pre credit crash rates. The trouble is that as someone has to pay for the banking crisis i can see it could be us mortgage payers will pay dearly. I only have 10 years left on the mortgage. Thanks for your ideas.
0
Comments
-
If you only have 10 years to pay off the mortgage and you can afford the payments then either you can fix and know with certainty what you will be paying until the end or take a lower rate and try and make overpayments to pay it off under 10 years and by the end of a (for example) a 5 year fixed rate you will not have much capital left to pay interest on.Nothing to see here :beer:0
-
unfortunatly cant afford to overpay. looking at leeds 4.750
-
They also pulled the 5yr deals.Fortune's always hiding, I've looked everywhere......0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards