fixed or variable

catoutthebag

hi:j

going to buy first property:rotfl:...will be speaking to brokers next week:(. I will borrow 90-100k.:eek:

Should I go fixed:T or variable rate:o on todays conditions?:money:

:beer:

dimbo61

What is the deposit?
How much do you earn?
LTV and lifestyle, kids, job, etc
Time to sit down and talk with a " Whole of market mortgage broker"

catoutthebag

dimbo61 wrote: »

What is the deposit?
How much do you earn?
LTV and lifestyle, kids, job, etc
Time to sit down and talk with a " Whole of market mortgage broker"

10% deposit:beer: (or should I make it 10.1), so 90:10, earn more than uk average salary, but I'm not a higher rate tax payer ;-) :j
No kids.:T
Clean living lifestyle :eek::rotfl:

dimbo61

The more you can save the better.
85% LTV will give you better rates and more deals/lenders.
You also need money for solicitors, stamp duty, searches, survey etc

jayson043

My personal experience is that over the interest rate cycle fixes are more expensive. You pay more for the insurance/peace of mind. Ironically most people fix at the wrong time once rates head higher for them to continue to fall. But most people don't fix when rates are low and falling due to expectations of further falls, and they then increase.

getmore4less

:eek::D:)tracker:rotfl::EasterBun

catoutthebag

Cracker:rotfl::eek::j

amnblog

What did the brokers say?