A&L 1 Year Fixed Deal

BudgetDude

Thrugelmir wrote: »

Take the 5.99% 2 year fix and continue overpaying the mortgage as much as you can afford to.

Money is pretty tight at the minute so I think I'll probably be fixing. If I can overpay a bit here and there then I suppose that would chip away at the negative equity too. Cheers!

getmore4less wrote: »

Fooled me for a bit with the A&L talk, till I saw the dates.

Interesting thread in retrospect,

They can play with those at this level of equity and such a lousy SVR.

If budget is that tight then you have little option other than to fix.

Paying 1% less you would build a buffer fund to cover the rises over 1% but is that going to be enough over the 2 years that your call.

Yeah, I'm a little annoyed that they're offering such crappy deals to existing customers purely based on our LTV, particularly as we've never messed them about. I guess we're making up the shortfall for all the low tracker mortgages that their other customers are on.

Thrugelmir

BudgetDude wrote: »

Money is pretty tight at the minute so I think I'll probably be fixing. If I can overpay a bit here and there then I suppose that would chip away at the negative equity too. Cheers!

With 30 year plus to go you'll save yourselves a fortune in interest too.