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Interest rate rises
Comments
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Personally I would fix for 5 yrs. been doing a bit of researching. according to this is money; the boe interest rates wont be rising till 2016. Would also pay extra each month if you can0
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I'd do 5 years and plan accordingly... If it's a lower rate than currently, overpay the difference so effectively your rates stay the same but you are clearing the mortgage faster than before.Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370
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