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What to do?
jimmyg_73
Posts: 36 Forumite
Currently on a tracker with nationwide which tracks 2% above base rate. So I'm thinking of switching rates.
£72k left with 17 years to go. Best deals look like 5%~ for 2 years fixed or should I go 4.6~% for 10 years?
Don't want stuck on my current plan if rates go up to 5%. Obviously no-one can predict the future but interested to know what others would do.
Thanks.
£72k left with 17 years to go. Best deals look like 5%~ for 2 years fixed or should I go 4.6~% for 10 years?
Don't want stuck on my current plan if rates go up to 5%. Obviously no-one can predict the future but interested to know what others would do.
Thanks.
0
Comments
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Depends if you plan on staying there for 10 years and want stability of payments with the risk others could have higher or lower interest rates than you. Also, depends on the ERC cost if you want to remortgage if things were to suddenly drop.Mortgage started 2020, aiming to clear 31/12/2029.1
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