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Right to buy

HI were going through a right to buy off the council, had a offer of £45000. whats the best type of mortgage to have over 10 years

Comments

  • ACG
    ACG Posts: 24,690 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    There is no "best" it comes down to the individual.
    Do you want the cheapest rate? Do you want the cheapest rate with security that it will not rise? Do you want to pay a little more but know it will remain the same for the duration? Do you want to overpay as muc as possible or a little or not at all?

    This year I have done tracker mortgages, offset mortgages, interest only mortgages, 2 year fixed rates, 3 year fixed rates and 5 year fixed rates. Mortgages with fees, no fees, cashback etc etc.

    You could have a read up on the options and then compare that with the rates or if you are unsure, speak to a broker and let them ask a few questions to help narrow it down.
    I am a Mortgage Adviser
    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.
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