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Advice Needed - Re-mortgage now or Wait?
Comments
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Tirosh, I'm on a similar deal but I revert to the BMR in October. If I understand it correctly until the base rate rises to 2% I shouldn't be affected to much. After 2% I will start to pay more. Check your deeds as you may be the same. My understanding might be wrong but I am hanging onto this for as long as possible as I have been overpaying by £100 per month for nearly 3 years.
Thanks vansell. This is pretty much the decision that I have come to as well. Just reinforces my thinking.0 -
think you are wrong there the BMR is 2% above the BOE base rate which is 0.5% at the moment so once rates go up so will the BMR0
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