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Should we be going for a fixed rate mortgage?
Comments
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current feeling is that rates will be steady this year but rising next. What will really happen - who knows!
Ultimitely the answer is a personal one. A fixed rate buys you security - you know what your commitment is. Now personally thats worth the difference to me as Id be stressing out over interest rates, but now I get to sit back for a few years. Fortunately I got in at the low point so I won in every respect (possibly)!
GL!Debt: a bloomin big mortgage
all posts are made for entertainment value only, nothing I say should be taken as making any sense and should really be ignored0 -
Just spoke to my finacial guy, he said the Nationwide accepts x 4.25 of your combined income minus any debts like credit cards, loans etc, so if you pay a monthly payment of £100 for a loan, that's £1200 off you annual income.
Also they are quite flexible with overpayments and could go to a 30 year mortgage, but i'll find out about that again!0
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