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Thoughts on this?
craigyl
Posts: 8 Forumite
Hi all,
I'm coming to the end of my 2yr fixed mortgage with Abbey. These are the details.
House worth 206k
Loan amt - 128.5k at 5.59%
Deposit 100k
Now i'm really struggling to know what mortgage to go for. Obviously we'd like to take advantage of lower rates as anythign to keep outgoings low is good at the moment as we've just had a baby but I also like the security of fiixed rates. Could I get a tracker for 2 years and then change again to a fixed when the interest rate goes up?
Also I see HSBC is doing a discount rate at 1.99 but could I have that like a tracker for say two years and then change again?
Any ideas on what you'd do in my situation?
I'm coming to the end of my 2yr fixed mortgage with Abbey. These are the details.
House worth 206k
Loan amt - 128.5k at 5.59%
Deposit 100k
Now i'm really struggling to know what mortgage to go for. Obviously we'd like to take advantage of lower rates as anythign to keep outgoings low is good at the moment as we've just had a baby but I also like the security of fiixed rates. Could I get a tracker for 2 years and then change again to a fixed when the interest rate goes up?
Also I see HSBC is doing a discount rate at 1.99 but could I have that like a tracker for say two years and then change again?
Any ideas on what you'd do in my situation?
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