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Advice on HSBC/FIRST DIRECT or METRO
FIRSTTIMER
Posts: 637 Forumite
Hi,
I am due to remortgage (80% LTV) 144k against value of 180k.
Thoughts on Two Year fixed vs Five Year Fixed.
I am contemplating not moving and not selling the property and maybe renting out say in 3-5 years. Thoughts on all three lenders please. They seem to be at the top of the tables when searching.
The rates flit between 1.99% Two Year to 2.1/2.2 Five Year. I am thinking 5 year fix is way to go as in two years time the two year fixed avail then will be around 2.4/5%. Even though LTV will drop to 70/75%?
Advice Much Appreciated
I am due to remortgage (80% LTV) 144k against value of 180k.
Thoughts on Two Year fixed vs Five Year Fixed.
I am contemplating not moving and not selling the property and maybe renting out say in 3-5 years. Thoughts on all three lenders please. They seem to be at the top of the tables when searching.
The rates flit between 1.99% Two Year to 2.1/2.2 Five Year. I am thinking 5 year fix is way to go as in two years time the two year fixed avail then will be around 2.4/5%. Even though LTV will drop to 70/75%?
Advice Much Appreciated
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Comments
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bump bump bump0
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Can't help with the 2 vs 5 year argument, as we've just been through the same deliberation.
But we've been with First Direct for a couple of years now and are in the process of porting and taking out additional borrowing. Can't fault them at all. I've banked with them for 8 years and wouldn't leave. Always extremely friendly and helpful, and always a UK based person who answers the phone.Mother, wife, scientist, analyst.
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