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get out of a fixed rate?
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carolinej_3
Posts: 1 Newbie
I have got a mortgage with Nationwide, due to additional borrowing I have got 5 accts. 3 of which I fixed during Oct 08 @5.78% untill Sept 2011, the other 2 are following the base rate set at 2.5%.
does anyone know if it would be cheaper for me to pay to get out of the fixed rates to get them on to the base rates or remortagage?
does anyone know if it would be cheaper for me to pay to get out of the fixed rates to get them on to the base rates or remortagage?
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Comments
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Short term the base rates may be favourable, but when they rise could you lock them in at less than your current fixed rate? If not, you probably lose out in the long run.0
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I don't think the Nw would allow you to go on the base rate anyway if you did that as it is killing them at the moment?£5k+ since Jul 2008.0
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