We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Help to Buy mortgage fixed rates... what to go for?
Lear_2018
Posts: 3 Newbie
Hello everyone!
We're in the process of trying to buy our first flat through help to buy. Our IFA has recommended the two following mortgage options:
-> 2-year fixed rate at 1.59% with a £999 arrangement fee, no survey fee and £500 cashback or
-> 5-year fixed rate at 2.14% with the same fees, etc.
We've been hesitating between the 2 options - We're thinking that 5 years might be safer given the current economic context but is 2.14% a good rate for HtB mortgages nowadays? It fits within our budget but we're concerned it's quite high.
Thanks for your help!
We're in the process of trying to buy our first flat through help to buy. Our IFA has recommended the two following mortgage options:
-> 2-year fixed rate at 1.59% with a £999 arrangement fee, no survey fee and £500 cashback or
-> 5-year fixed rate at 2.14% with the same fees, etc.
We've been hesitating between the 2 options - We're thinking that 5 years might be safer given the current economic context but is 2.14% a good rate for HtB mortgages nowadays? It fits within our budget but we're concerned it's quite high.
Thanks for your help!
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.6K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards