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mortgage question
sunrise27_2
Posts: 1,349 Forumite
maybe its me missing something but we are going to be coming out of a 7 year fixed rate in November of 4.99 % why when interest rates are so low are the fixed rates more expensive now , is it because everyone is after them ???
ideally we would like a 10 year fixed but I know thats probably not going to happen
we're with northern rock , if we stay with them there are no redemption fees if we go elsewhere there will be
at the moment brittania are doing a 10 year fix for 5.49% but once we add our redemption fees on top it bumps it up obviously
I don't know whether to go for a five year fix or a ten year , if we wait until our present fixed rate ends at the end of November , interest rates could have gone up again
help !!!
ideally we would like a 10 year fixed but I know thats probably not going to happen
we're with northern rock , if we stay with them there are no redemption fees if we go elsewhere there will be
at the moment brittania are doing a 10 year fix for 5.49% but once we add our redemption fees on top it bumps it up obviously
I don't know whether to go for a five year fix or a ten year , if we wait until our present fixed rate ends at the end of November , interest rates could have gone up again
help !!!
0
Comments
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why dont' you see if Brittania can hold the fix until the end of November? It is only 3 months away so they may allow it.0
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do you think they would do something like that then ???0
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they might do - phone them up and ask them when the latest time is you can transfer over to them. They might say you can't apply til the end of the month, but ask them and find out.0
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most mortgage lenders you can save the rate for up to 6 months once you have paid the fee0
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does it sound like a good deal to you ??? we've only got 10 years left and it would be peace of mind to know we can afford the repayments easily0
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In the current market that is a competitive rate for a 10 year fixed deal. If you want a 10 year fixed rate then its a good deal, not that I'm saying it will necessarily prove cheapest over 10 years mind!0
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does it sound like a good deal to you ??? we've only got 10 years left and it would be peace of mind to know we can afford the repayments easily
sounds good to me for peace of mind - 5.49% isn't a bad rate at all for 10 years. You could always see a broker to see if there's anything better tho0 -
we have got a broker working on it as well so fingers crossed we'll get a good deal thanks for your help0
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