We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Fixed rates ends 1/6/23 questions
oliel
Posts: 261 Forumite
Hi there my fixed rate ends on 1/6/23 - I can lock in a new rate from 1/12/22 (per clydesbank bank) My redemption penalty to change before then is £3400 - I will most likely go for a fixed rate again but am wondering if I should change before then and pay the redemption -Im looking at the current rates with clydesdale - and already its looking like i could be paying £100 more per month Im wondering if I wait till 1/12/22 then its could be £200 or £300 more per month - which one a fixed temp of 2 3 or 5 years could add up to more than the redemption penalty? Suspect also though If I change now but stay with Clydesdale will I have to do whole new application and pay a fee? Any thoughts? Really not sure how long to lock in for either (easy decision when interest rates are low). Thanks
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards