2 year Vs 5 year

The_Palmist

Peelerfart wrote: »

Any restrictions on on overpayments, or is that not an issue for you ATM?

Restriction is on overpayment of more than 10%, not an issue for me ATM as not planning on making large overpayments.

Peelerfart

The_Palmist wrote: »

Restriction is on overpayment of more than 10%, not an issue for me ATM as not planning on making large overpayments.

5 year Santander, based on what's been said IMHO

The_Palmist

Santander 5yr applied for.

Ed_Zep

The_Palmist wrote: »

Santander 5yr applied for.

I think you've made a good decision.

dimbo61

The deals you are looking at point to the Santander 1.94% £999 fee as the best deal.
Taking the term as 25 years !
£185,000 plus £999 gives monthly payment of £783 a month and you will owe £155,641 in 5 years time.
This gives your young family security for the next 5 years.
Good Decision

The_Palmist

dimbo61 wrote: »

The deals you are looking at point to the Santander 1.94% £999 fee as the best deal.
Taking the term as 25 years !
£185,000 plus £999 gives monthly payment of £783 a month and you will owe £155,641 in 5 years time.
This gives your young family security for the next 5 years.
Good Decision

I feel really bad wasting Halifax's MA's time. He was really patient and spent long appointments going through my needs for me to go with Santander.

dimbo61

Sorry but with the Halifax 2% deal you would pay £5 a month more every month for 5 years and owe £200 more at the end of 5years.
£500 would pay for new outfits for 3 growing kids