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Careful if you're thinking of fixing.

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  • coupleuk
    coupleuk Posts: 475 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Verdigris said:
     If you take it now then you effectively lose 1 month of the cheapest rates (ie before Aprils Capped increases)

    It takes 17 days for a switch to go through. You'd lose a couple of days, at most.

    I didnt say anything about switching supplier. 

    A tariff switch with same supplier takes 24hrs max (four I did with eon yesterday were instant) 
  • EssexHebridean
    EssexHebridean Posts: 24,433 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Some suppliers will agree to activate the new rates after a delay though - we’ve had confirmation of a fair few folk managing to get delayed starts. 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    £100k barrier broken 1/4/25
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  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    jimexbox said:
    Every decision is gamble to some degree. I took the eon 2yr fixed, a hundred quid above April 1st capped rate. (standing charge) per year. Plus I lost a month's much cheaper tariff.

    I might regret it, but I can see a big increase in October. Followed by possibly 3 month interval changes to the capped variable rate. 
    If you phoned them rather than doing it all online they allowed you to take the 2 year fixed rate but defer it til 1st April. Might be worth a call to them.
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