We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
will a 10 year fix be cheaper then my existing 5 year fix..
03022242
Posts: 351 Forumite
Having seen that some lenders are offering 10 years at 3.44 fixed (60% ltv, TSB no product fee)
i was wondering whether i may be better off going for a 10 year fix.
i took out a 5 year fix 2 years ago at 3.12% with yorkshire BS..
at the time it was 75% ltv, a loan of £105,450 with the property purchase price of £142,500
ive done improvements over the last 2 years and now would be valued at 185k about 56% LTV
what would it cost if i moved from a 5 year fix (with paying an exit fee) to move to a 10 year fix? and assuming that at some point the rates will go back to "normal"
im currently paying £507 if i was to take this 10 year option i would pay £530 (23 year mortgage)
i was wondering whether i may be better off going for a 10 year fix.
i took out a 5 year fix 2 years ago at 3.12% with yorkshire BS..
at the time it was 75% ltv, a loan of £105,450 with the property purchase price of £142,500
ive done improvements over the last 2 years and now would be valued at 185k about 56% LTV
what would it cost if i moved from a 5 year fix (with paying an exit fee) to move to a 10 year fix? and assuming that at some point the rates will go back to "normal"
im currently paying £507 if i was to take this 10 year option i would pay £530 (23 year mortgage)
Named after my cat, picture coming shortly
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards