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Is this a good rate or should we fix again?
pinkpig08
Posts: 2,829 Forumite
Hi,
Our fixed rate deal with the Halifax is coming to an end in September. The interest rate is 5.6%. It says in their letter that if we do nothing we will move onto their standard variable rate which is currently 3.5%. Obviously this is better, but I was wondering how it compares with the fixed rate deals that are out there at the moment. We have a financial advisor who said a couple of months ago to go onto the SVR. I just wondered if the market had changed much since then?
Thanks for any help!
Our fixed rate deal with the Halifax is coming to an end in September. The interest rate is 5.6%. It says in their letter that if we do nothing we will move onto their standard variable rate which is currently 3.5%. Obviously this is better, but I was wondering how it compares with the fixed rate deals that are out there at the moment. We have a financial advisor who said a couple of months ago to go onto the SVR. I just wondered if the market had changed much since then?
Thanks for any help!
Sealed Pot Challenge #817 £50 banked 
0
Comments
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Have a read of this if you haven't done so already.
http://www.moneysavingexpert.com/news/mortgages/2009/07/could-fixed-rate-mortgage-costs-soo0
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