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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage offer
maljo
Posts: 26 Forumite
My Nieces fixed rate mortgage comes to an end in November which is 6.65.
The new offer is 2.99 variable or 6.09 fixed for a further 5 years.
In the present climate could someone suggest which option would be best for a young family.
The new offer is 2.99 variable or 6.09 fixed for a further 5 years.
In the present climate could someone suggest which option would be best for a young family.
0
Comments
-
What is the outstanding mortgage amount and term?"You were only supposed to blow the bl**dy doors off!!"0
-
I would have to find that out tomorrow as they would have gone to bed now. Thanks for now0
-
What is the follow on rate(no fees) and the fess for these new offers?0
-
Not sure about follow on fees.
The term was over 35 years and they owe £98000.0 -
What is the property value.
Who is the lender?
Any credit history issue?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.0 -
As long as they have the ability to cope with any potential rate rises, the 2.99% looks the best option fo the time being.I am a Mortgage adviserYou 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.0
-
Is the 2.99 the standard variable rate? If so is it pegged to anything (Bank of England, LIBOR)? Also how are they off financially, would a rise in rates really be a huge problem for them? And what is their attitude to risk?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards