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is this a good deal...
goody23
Posts: 65 Forumite
i was on a variable rate of 3.99% with £97,000 left...i have decided to get a fixed rate re- mortgage and borrow an extra £15000..i was offered a fixed rate of 4.89% payment £693 for 17 years
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Comments
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Whether the deal is good or not is dependent on your personal circumstances. The purpose of the additional borrowing may influence what's available to you.0
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i am thinking it just might be better to get a bank loan for £150000
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If you can afford a bank loan at similar rates it is generally better than securing lending on your property unnecessarily.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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
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