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To fix again now or wait?
janetmac12001
Posts: 9
Forumite
Advice needed please and crystal ball too !!
We have a C&G mortgage with 5 sub-accounts. 3 of the sub-accounts are on a fixed rate ending on 30/5/12. The remaining 2 are on a fixed rate until 30/09/12.
C&G can offer us a 2-year fixed rate for the 3 bits ending in May but we've usually fixed for longer - C&G are only offering 2 years max.
We can't move providers at the moment as we'd get 1% penalty on the 2 remaining fixed rate elements.
We're torn between taking the 2 year fixed rate with C&G now for stability or waiting until September and hoping someone is offering a longer fixed rate then to cover the full mortgage with no penalties but rates have been going up recently.
Anyone in a similar position and got any advice that might help us decide.
:think:
We have a C&G mortgage with 5 sub-accounts. 3 of the sub-accounts are on a fixed rate ending on 30/5/12. The remaining 2 are on a fixed rate until 30/09/12.
C&G can offer us a 2-year fixed rate for the 3 bits ending in May but we've usually fixed for longer - C&G are only offering 2 years max.
We can't move providers at the moment as we'd get 1% penalty on the 2 remaining fixed rate elements.
We're torn between taking the 2 year fixed rate with C&G now for stability or waiting until September and hoping someone is offering a longer fixed rate then to cover the full mortgage with no penalties but rates have been going up recently.
Anyone in a similar position and got any advice that might help us decide.
:think:
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