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Fixed my mortgage for 7 years at 2.99% 27 years remaining

i_was_taught_2b_cautious
i_was_taught_2b_cautious Posts: 40 Forumite
edited 3 April 2016 at 5:23PM in Mortgages & endowments
deleted post.

Comments

  • rocauk
    rocauk Posts: 4 Newbie
    edited 9 January 2016 at 2:56PM
    That's a nice 7-yr rate. I'll probably be lucky if i can get anything fix under 3% later this year when my fix rate ends. I'm at 60% LTV but rates have started going up...
  • bingo_bango
    bingo_bango Posts: 2,594 Forumite
    edited 8 January 2016 at 12:56PM
    I also have 60% LTV and just got 2.84% with Halifax on a 4 year fix. They started it a month earlier than current deal expiry (also with Halifax) with no penalty also. It would have been 2.64% but didn't get to see my advisor in time.
    There is no doubt rates will increase this year, so might do no harm to see if it would be worth it to break the current deal, rocauk?

    Edit: Just checked and that same 4 year fix is 3.04% today :eek:
  • mrginge
    mrginge Posts: 4,843 Forumite
    Well i am moving in the other direction on rates. I think first rise will be kicked into 2017 and it'll be another year before we get anywhere near the point that they become significant.

    just looking at 2yr fixes around 1.6% at the moment...
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