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Why i think Interest Rates won't go up
Comments
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Hello all
So, that raises the question as to whether to go for fixed rate as opposed to variablew. I'm looking into whether I should change my mortgage from variable to fixed rate and this thread has been a great help.
I currently pay £892 a month and can go for a fixed rate of £881 for 3 years and that seems like a good idea to me. I know this is a hugely leading question from a complete money novice but.....do you reckon it's worth moving to a fixed rate?
I'd hugely appreciate your advice on this (and please excuse me for hijacking this thread).
Cheers
K0 -
Rates will be heading upwards again soon, so you'd better get your skates on.
Don't forget to include any fees in your calculations.
These can sometimes raise the true cost of the new loan.0 -
Ok chaps, thanks for your advice. I've done the deed and signed up for the 3 year fixed rate. I didn't sign up for the ten years as ten years seems like and AWFULLY long time and I just couldn't do it.
Cheer
Kurt0 -
Ok chaps, thanks for your advice. I've done the deed and signed up for the 3 year fixed rate. I didn't sign up for the ten years as ten years seems like and AWFULLY long time and I just couldn't do it.
Cheer
Kurt
I believe you'll be patting yourself on the back next Thurs when it is widely predicted that interest rates will go up to 5.75%.
On another note: I think the original poster might be Rachel Lomax!:lipsrsealI can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
That also means I cannot share in any profits from any decisions made!;)0
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