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Fix for 2 or 4+ years
louise07_2
Posts: 8 Forumite
Remortgaging house at start of new year, currently on an 85% LTV 2 year fix at 3.94%. Property value increased by almost by 2.5-5% during that period (not quite enough to apply for an 80% LTV).
Am I best getting a 2 year fix and then an 80% LTV in two years time when the value will have risen, or fix at 85% LTV for 4-5 years?
Thanks
Am I best getting a 2 year fix and then an 80% LTV in two years time when the value will have risen, or fix at 85% LTV for 4-5 years?
Thanks
0
Comments
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No idea what the rates will be when you apply or the property value and we definitely have no idea where houses prices will be in 2 years or what rates will be in 2 and 4 years time.
There is no information for us to even hazard a guess.I 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 -
Like ACG said its almost impossible to predict rates or rise but i think reading this article might give some insight to help you to make a decision.
http://www.thisismoney.co.uk/money/mortgageshome/article-1687576/What-mortgage-rates.html0
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