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MSE News: The seven-year fixed mortgage - is it any good?
Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"The bank will publish rates on statements so consumers know when interest dives, in a victory for MSE's savings campaign ..."
"The bank will publish rates on statements so consumers know when interest dives, in a victory for MSE's savings campaign ..."
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Comments
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The £1635 fee is very steep.
I got a 7-year fix from Abbey around 8 months ago at 5.39% (85% LTV). Fee was £125 I think, but then I was an existing customer.
I wanted a 7 year fix as I had in my mind that in around 5 years, interest rates could be quite high and I didn't want to be worrying about rates for a good while as we've just started a family. Trying to predict base rates that far ahead is pretty impossible though...0
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