mortgage advice please

ashley10_2

Hi,

I have just had a an offer accepted on a house and am wondering what is my best option for a mortgage.

The house is costing £191,000, i have £110,000 for deposit/fees etc so am wondering what is the best thing to do.

Generally i am veering towards a 2/3 year fix as i feel interest rates will only rise and the ones i have seen are:

YBS 3.09% 2 year fix

First Direct 3.29% 2 year fix

Any good ones for 3 years fixes?

I am also considering only putting in 35-40% and keeping some aside to hedge abit.

Theres a good chance there are better options so i would welcome any advice on this.

Thankyou, ash

getmore4less

What sort of salary/surplus income do you have.

If you want to have some flexabiliy for other investements then an offset is an option.

FD base+1.89%, 65% LTV might fit.


I think we will see low rates for a while yet, so a short term fix will just cost more.

ashley10_2

31k, no debt so a bit of spare cash.

I agree that not much will happen rate wise immediately but i think it will in a years time hence the 2 year fix.