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HSBC 1.99% 5yr fixed - change or not
Comments
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I think you've hit the nail on the head - these super cheap fixed rate deals are being used to try to tempt people away from the best trackers.
Give it a few years when the rates start to rise and you won't find anything close to BOE+1.49%, and the fixed rates will rise too.
None of us know the long term outlook, but IMO the fix doesn't make sense with the current size of your mortgage. If you had 10 years left it might make sense to bet on BOE rate rises and fix your term, but with 300k left I'd rather keep that 1.49% over BOE."You did not pull yourself up by your bootstraps. You were lucky enough to come of age at a time when housing was cheap, welfare was generous, and inflation was high enough to wipe out any debts you acquired. I’m pleased for you, but please stop being so unbearably smug about it."0 -
Apologies to those who don't like an old thread resurrected.
I'm posting here as I need the wisdom and experience of those who have posted on this thread.
I need your help please.
I'm having difficulty calculating and comparing mortgages in order to make an informed decision.
Mortgage likely to be £190,000 on £292,000 ppty.
2yr fixed at 1.74% and 5yrs fixed 2.14% are the two I'm trying to decide on. The 5yr has a £1,000 fee and the 2yr has a £500 refund.
I'll appreciate your thoughts on which to go with.
Thank you.0 -
New thread started by last poster, so ignore this and move to here with help;-
https://forums.moneysavingexpert.com/discussion/comment/72280231#Comment_72280231I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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