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Is it worth paying to get out of fix
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Good question, I don't know. Will check.And if, you know, your history...0
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Not good getmoreforless, RBS SVR, currently 4%.And if, you know, your history...0
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dixie_dean wrote: »Not good getmoreforless, RBS SVR, currently 4%.
I guess you will look more closely at the followon for any new deal.
Why/when did you change the last deal and not go onto it's followon rate?
was that a jump or just a end of promotion remortgage.
It might be time to look at a low cost long term/lifetime tracker, no more remortgage or fees.
Overpaying will probably be just as effective than paying loads of fees.0 -
As said, at the time nobody expected rates to stay so low for so long. 4.69 was a decent deal at the time and I decided that rather than risk having a few months cheap but then the fixes going up (obviously 0.3% or whatever over the 5 years would have outweighed a few months on a much lower rate) i would just fix.And if, you know, your history...0
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getmore4less wrote: »I guess you will look more closely at the followon for any new deal.
Why/when did you change the last deal and not go onto it's followon rate?
was that a jump or just a end of promotion remortgage.
It might be time to look at a low cost long term/lifetime tracker, no more remortgage or fees.
Overpaying will probably be just as effective than paying loads of fees.
You seem obsessed with follow on rates, whilst they are a guide they are not that important, partucularly where they are just an SVR which the lender can change at any time (see Skipton) most people, unless they are with Nationwide/C&G @2.5% or an old tracker on a low rate could do better remortgaging, basing your choice of a 5 year fix on what the lender is charging as an SVR now really is irrelevant.I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
like you I needed the security of a 5 year fix from 2005-2010 and now on a tracker but what made the difference for me was overpaying.
Now 4.69% is cheap YES you read right its cheap with the average BOE base rate over 5% so overpay as much as you can0
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