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Fixed vs variable, something I've been pondering

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Comments

  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    11:06, one beer drunk, very tired from Matched betting concentration and long hours at work. 70-30 for fixed rate at moment. Will be phoning mortgage people tomorrow.
    Meanwhile I'm going to drink 2 more bottles of premium ale (lovely BTW) and see where I get to.
    Happy chappy
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    3.23pm next day. Woke up this morning and immediately thought "fixed". Just about to phone L&C to get it started.
    Happy chappy
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    OK, mortgage broker has been give the yes. Fixed @ 4.39% for 2 years.
    Happy chappy
  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    knew you'd fix. good move.
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    Funny thing is that we spent 15 minutes going through all the details, then he said "so , Halifax -0.11 from BOE base rate mortgage" and I said "no, fixed" and then he said "oh, that'll make the process slower because I'll have to send you the details".
    Then I said "oh, I'm so 50-50 maybe I should rethink." Then I thought "no, I've made a decision and that's what I'm sticking to".
    The broker was great, but the situation gave me a chance to rethink, but fixed is what I want.
    Happy chappy
  • aliasojo
    aliasojo Posts: 23,053 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Oh lol.....I'm glad you made a decision...I was holding my breath during the reading of this thread. :rotfl:

    Whilst I wouldn't wish uncertainty on anyone......I'm reassured to see other people have the same problem knowing what's the best thing to do sometimes (as we do in our house). :beer:

    Good luck in your new place to be.
    Herman - MP for all! :)
  • Bennifred
    Bennifred Posts: 3,986 Forumite
    Thanks for sharing, and good luck!:beer:
    [
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