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Stuck with BMR or fix?
badboy13
Posts: 67 Forumite
Currently on Nationwide BMR 2.5% paying £630 a month. I can get a 1.79% 2 year fix paying £590 a month then going up to 4%
Is it worth fixing and hoping can get a decent fix in 2 years or stick with the BMR?
Is it worth fixing and hoping can get a decent fix in 2 years or stick with the BMR?
0
Comments
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Personally I would stick with the BMR. 2% above base is a highly competitive rate in the longer term. Particularly if your mortgage has some years to run.
Remortgaging costs money as well. The money would be better spent overpaying the mortgage now. Which in itself reduces the amount of interest you'll pay.0
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