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Remortgage help needed
JerryM_2
Posts: 2 Newbie
My mortgage is up for renewal soon and I'm unsure whether to fix for 2 or 5yrs mainly due to Brexit. Is Brexit going to affect the interest rates significantly ?
Just after some general advice I know that no one knows what will happen when the country leaves the EU
Just after some general advice I know that no one knows what will happen when the country leaves the EU
0
Comments
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Nobody has a crystal ball to say definitively.
Mark Carney seems to think that worst case is house prices crash and the base rate sky rockets. If this is the case then you will want to fix for at least 5 years.
Alternatively, Brexit doesn't change much and rates remain stable.
Or, things take a different turn and rates go down.
Nobody really knows.
FWIW, I'm about to remortgage for 5 years.Current Debt (excluding mortgage) - £7,020
Reducing £450/ month.0
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