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Question on discount variable mortgage

GoonerByron · 2022-07-04 17:43:42

Hi, My remortgage is coming up, I have always been on 2 year fixes before this. Obviously at the moment, fixed rates are terrible compared to the last few years and the best interest rate I can get is 3.1%. I have never looked at variable mortgages previously but one is available at a 2 year discounted rate of 1.44%. I…

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alanyau88 Posts: 89 Forumite

10 July 2022 at 11:39AM

Also factor in that it's predicted that interest rates will keep rising for the next couple of years so by the time you come to re-mortgage, the market rates may be quite high which is why 2 year rates are much cheaper now...

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