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5 year fixed?!?
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If you really are not compfirtable with it shop around. If you do not have the time to do that enlist the help of a mortgage broker.Offer accepted - 4th July
Own sale completed - 5th September
Finally exchanged - 30th October :j:T:j
Completing on Friday 13th! :rotfl:0 -
It's all a gamble - ie rates soar next year and your grateful of 4 more years fixed. Rates stay the same. BoE base stays the same and mortgage deals drop for next 3 years and you kick yourself for fixing.
as sweetcaz says you have to be comfortable with your decision and you are clearly not happy with the deal you have found.
I fixed 2 years ago for 25 yrs I am happy with not having to constantly shop around, not paying arrangment fees and knowing that over such a long time it should be swings and round-a-bouts on the int rate. Obviously over the last yr I should have stuck with a tracker, but I can afford the re-payments and overpay so I don't get upset about it.0 -
I want to tie in for as long as possible and don't mind rates staying low I just like knowing what I am paying. All I am saying is that in the last year I would like to start shopping around for the next good fixed rate deal and the 4% buy out makes this hard! I will shop around.0
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Which lenders offer a 25 year fixed?0
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mine is with Kent Reliance BS.
I remember someone else saying they had one and that was a building society too.0 -
Do they actualy have real money their website looks like it was made by a 5 year old! http://www.krbs.com/0
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I've not seen that page before!
http://www.krbs.com/index.aspx
This is the home page, I've found the website easy to use and like the files that open up into simply laid out info.
They seem to have a decent balance sheet, reasonable products and fair arrangements fees, which I think means they are less likely to be exposed to toxic debts then lenders offering fanatic deals. But then I see banking crisis coming!0 -
Jokes aside their 25year product does look quite a good deal!0
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