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Mortgage - HELP-Rate decision
revlis_2
Posts: 11 Forumite
URGENT I need to make a decision in the next couple of hours. To go for a fixed rate at 6.19 % for two years or a BBR tracker at 0.39% above bank of england base rate. Rates are on the way up. Any suggestions? Now have been offered a fixed rate of 5.84% for 2 years
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Comments
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Yikes! 6.19% is high. Is that the best you can do? (Not trying to be rude, just wondering!)
Operation Get in Shape
MURPHY'S NO MORE PIES CLUB MEMBER #1240 -
Yes self cert is necc. unfotunately fast track has become unavailable due to my credit score ( even though that is not that bad)0
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basically 2 rate rises before you are on a comparable rate - if the borrowing is not tight personally I'd go for the tracker
6.19 is high though, even for a self certI am a Mortgage AdviserYou 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
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