Help!!

tony863

Hey guys, all I'm after is people opinions. I know that some people will say defo go for one option over another.

I have a good idea in my head which one is better, and at the end of the day, I will have to make that decision.

I don't think aanyone can predict what will happen with the interest rates over the next two years.

If anyone does, then I welcome their hypothesis

Thanks

jamesd

I guess that the base rate will be 5% in April 2009 based on the Bank of England market projection given in the latest inflation report. This would make the three year fix a bad deal. The intervening projections tend to suggest that taking out a fixed rate mortgage today is likely not to be a good idea unless it is below the rates for variable rate mortgages.

I don't currently favor fixed rate mortgages that lock in more than one rate increase because that's above what the projections suggest is likely. Inflation and cost of living increase projections seem to support the market interest rate expectation.

tony863

thanks jamesd. not really sure what you mean, but i think you are saying that the interest rate should be better in a couple of years and therefore its prob best to go 2yrs fixed?

wardlaw

How can you say that? you do not know this man and you have not accessed his circumstances in full. you could be giving him the wrong information

It is an opinion,based on 27 years in finance It is not advice , A recommendation, or anything "Its an opinion based on what was written by the enquirer.Did not want a long fix so 2years is the solution with cashback


It's called trying to behelpfull, which you my man, clearly are not

I admit to finding constructive rather than destructive critisism a health medium

ZZZ:T

Mr_helpful

wardlaw wrote: »

How can you say that? you do not know this man and you have not accessed his circumstances in full. you could be giving him the wrong information

It is an opinion,based on 27 years in finance It is not advice , A recommendation, or anything "Its an opinion based on what was written by the enquirer.Did not want a long fix so 2years is the solution with cashback


It's called trying to behelpfull, which you my man, clearly are not

I admit to finding constructive rather than destructive critisism a health medium

ZZZ:T

Did you go to school?

AndrewSmith

wardlaw wrote: »

The best deal for you is option 1 fixed for 2 years with cashback there are no redemption penalty tie ins after the 2 years 3 years is to long as interest rates change up and down more often these days

Independent Mortgage Beoker

Please re-visit the broker code of conduct clearly posted at the top of this forum.

http://forums.moneysavingexpert.com/showthread.html?t=325378

You are posting in breach of the rules (not for the first time) and are risking having your posting privelages removed.

AndrewSmith

tc8764 wrote: »

The Guild of independent mortgage advisers
can help.
they search all of the market and dont charge any fees
take a look at the website https://www.goima.co.uk

You really are a joke arn't you?

Reported, and your joke of a website has been reported to the FSA as non compliant.